Tom Schrader
Tom Schrader
downside earnings hold line nasty stay surprise
We've had a lot of earnings that have been in line or better, and the Street's been yawning. If the earnings stay strong, we could hold at these levels, but any nasty downside surprise and we could see some selling.
change nice rally tech
We've got a big rally in tech going and it's a nice change of pace.
few indicator next profit shows suffer taking
Every indicator I look at shows that we're just really overbought right now. I would look for the indexes to suffer some more profit taking over the next few weeks.
few indicator next profit shows suffer taking
Every indicator I look at shows that we're just really overbought right now, ... I would look for the indexes to suffer some more profit taking over the next few weeks.
dearth economic information news suffering until
We're suffering from a dearth of information -- there's no economic news until Thursday.
anticipate cash corporate mergers
There is so much cash in the corporate coffers out there, that I think you can probably anticipate there will be more mergers happening.
great pause run time
We had a great run and I think it's time for a little pause as we reflect.
companies half less looking mainstream money people putting quality stocks
More than half the Dow stocks are up. People are putting money into mainstream companies looking for quality and less volatility.
bad earnings general mix people reason run sort tremendous using
Lexmark was bad, 3M was good, and in general you've had that today, with the mix of earnings sort of canceling each other out, ... I think people are using this as a reason to take profits, particularly after the tremendous run we've had, and I don't think that's a bad thing.
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.
discount flat four holiday likelihood next volume week weeks
I wouldn't discount the likelihood that next week will be flat to lower. It's a holiday week, volume will be light, and after four up weeks we'll need a pause.
gotten people sentiment start wanting
Sentiment had gotten so bad. People are wanting to start get back in.
convention due fact nice oil passed primarily relief
We had a very nice rally, primarily due to the fact that we had oil down, and there was some relief that the convention passed without incident.
action good happening labor might money time year
There's not a lot happening ... it's just really, really quiet. You might see this kind of action through Labor Day. Typically, this just isn't a good time of the year to put money to work.