Tom Schrader
Tom Schrader
continue definitely economy fed few indecisive next street
I think this choppiness is definitely going to continue over the next few months. The Street is very indecisive about what the economy is going to do, what the Fed is going to do.
action ahead amount approach due earnings economic last later news nice people run sideways taking week
I think we're going to see some sideways action this week. We had a nice run last week and there's a significant amount of economic and earnings news due out later in the week. I think people are taking a 'wait and see' approach ahead of that.
friday low skeleton street tends volume wall
Low volume tends to exacerbate any moves, and I think on Friday everyone on Wall Street is going to have skeleton crews on staff.
europe initial people rally reaction reason saw selling weak
A lot of the reason for the rally is that people think that everything's on the table. You saw a knee-jerk reaction this morning, with people selling on an initial reaction to the news, Europe being down so much and some weak earnings, like Kraft.
increased volatility worse
You're going to see increased volatility through the end of the week, and it's probably going to be even worse Friday,
dollar everybody iraqi kept loves meeting military morning news rally today
I think the rally got started by news of the super-secret meeting with the Iraqi military this morning and just kept going from there. Everybody loves equities and the dollar today and everything else is down.
chinese commodity concerned economy global hurt people slowing
A slowing Chinese economy would put a damper on commodity prices, ... People are concerned that slowdown would hurt the global economy.
earnings expected market receptive stock
Generally, earnings are better than expected and I think the stock market is receptive to that.
chinese commodity concerned economy global hurt people slowing
A slowing Chinese economy would put a damper on commodity prices. People are concerned that slowdown would hurt the global economy.
continue earnings last less nice october rally rallying reports since supporting time week
This is more or less a continuation of the October effect. Since about mid-October, we've been rallying and that's traditionally the time you're going to see that. We've had some nice earnings reports in the last week supporting a rally and we're probably going to continue to see that.
activity knows people stretch talk terror worried
I think people are very worried that this is going to stretch out, particularly if it's close. No one knows who is going to win, or when they will win, and there's still talk of terror activity around the election.
ahead biggest certainly hesitation news number
Friday's payrolls number is certainly the week's biggest news, and you may see some hesitation ahead of that.
amazing given negatives thrown
Given all the negatives thrown at the market, it's amazing how well it's doing.
boston half managers portfolio quiet stay sure york
Things are going to be very, very quiet today, because I?m sure half the portfolio managers in New York and in Boston are going to stay home.