Tom Schrader
Tom Schrader
indicator main people report waiting
I think the unemployment report is the main indicator people are waiting for this week.
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.
bit claus santa sure
I think we're still going to get a bit of a Santa Claus rally. But I'm not sure how substantial it's going to be.
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.
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.
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.
busy earnings economic impetus last later less move news today until week
Last week was very busy and I think today there is less impetus to move. There's no earnings news, no economic news until later in the week, and so there's nothing really to move us.
bit continue definitely expect rally seeing
We're definitely kind of seeing a little bit of a year-end rally here, and I would expect it to continue this week.
chicago consumer numbers sentiment
We've got some weighty numbers tomorrow, with consumer sentiment and Chicago PMI due.
based basically gains seen since
We've kind of stalled here. Basically we've seen some profit-taking based on the gains we've had since mid-October.
certain hints investors jump phase positively reacting saddam seem
I think investors are reacting positively to what's going on right now, with this new phase of the war. The more certain investors are that things are going well -- and they seem to be going very well -- the more hints we have that Saddam may be dead, the more investors are going to jump in.
capture earnings humanistic level reacting usual
While the capture is important on a humanistic level for the market, after reacting to it overnight, we're back to the usual focus: earnings and the economy.
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.