Bill , I don't agree with the water under the finish, if you have that using a solvent based, you should see it in the un rubbed finish , its called blushing , it where the finish absorbs moisture from the air or usually from a compressed air system that is not filtered to remove the moisture from the air line, rubbing will usually produce a sort of hazy look , using a good lambs wool pad and either some wax or as listed above the swirl remover /hand glaze takes care of it , what you are seeing is a combination of the super fine scratches as well as often a light residue , when a clear finish is scuff sanded notice how it turns white its a minor amount that will hang on the surface and make it cloudy , the glaze /swirl remover and lambs wool bonnet help to remove it , wax will as well, the problem with wax is it will also add sheen , so if you want a satin , and you rub to a 1500 with the abralon , then wax you will get about a 3000 , or semi gloss , the glaze swirl /remover will add some sheen but not as much as wax, the other side to it is it will clear up after some use , and regular dusting, but I am not real good at waiting, so I use the swirl remover , as well when you rub a finish you "open it up", meaning , just like planing a piece of rough kiln dried lumber , once you remove the outer surface , it is now open to further dry , or acclimate , finish will do the same , once rubbed to wait a day or so for it to do a final surface cure , it seems to finish up alot better , solvent based products are worse than water , solvent based post cat as well as pre cat do better because they are chemically cured , shellacs, and nitrocellulose lacquers are the worst , so a light scuff with a fine paper and then allow them to cure down longer really helps , as well the same with oils and gel varnishes .The link I posted above at bowling beat they sell the lambs wool pads as I recall, it may seem odd to be looking at a bowling store for rubbing products, but its the products they use to polish bowling balls , which are plastics, and guess what finishes are , they are all a form of plastic…