Tom Schrader
Tom Schrader
area builders coming home led negative news obviously
We have negative news coming out of the home builders this morning, and obviously that's been an area that has led the economy.
concerns retail sales seem
There are some concerns about retail sales but they don't seem to be weighing on the market.
concerns earnings oil prices scaring
We've got earnings concerns today, and oil prices are still scaring everyone.
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.
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.
broken continue drag finds market sell tends until
The semiconductor index right now is a broken index. Until it finds some support, it will continue to sell off and that tends to drag down the market as a whole.
drag left market money people selling sit whatever
It's a continuation of the same concerns. People don't want to put money in when we have nothing but uncertainty on the international front. There's been so much selling already, but whatever is left is enough to drag the market down. People want to sit it out right now.
greenspan hints interest rate size speed spin sure tends web
Sometimes Greenspan tends to spin a web when he's talking, so I am not sure how many hints he'll give about the size and speed of interest rate hikes.
drift earnings meat summer tough
Augusts are tough months. We've pretty much got the meat of the earnings out of the way, and now we've got to drift through the summer doldrums.
drift earnings meat summer tough
Augusts are tough months, ... We've pretty much got the meat of the earnings out of the way, and now we've got to drift through the summer doldrums.
earnings expected maybe meaningful people sitting waiting
I think a lot of people are sitting on their hands, waiting for a little more meaningful earnings reports, ... Alcoa was better than expected and we have GE earnings at the end of the week, so maybe that will give us some direction.
authorized aware bush causing intelligence-and-intellectuals leak maybe news weakness
The news that Bush was aware of or maybe authorized the (intelligence) leak is what's causing the weakness in the market.
near
It's going to be a quagmire near the close.
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.