Paul Mendelsohn
Paul Mendelsohn
antsy few mid next stretching weeks
It could get a little antsy in the next few weeks and stretching into mid January.
begun coke money people recently seeing
People who have doubled or tripled their money have begun to look at the multi-nationals, ... You're seeing money go into the telecoms lately, some of the drugs are stabilizing, Coke was recently at a new 52-week high.
crude falling higher hit materials oils recent rotation themes
One of the recent themes has been the falling dollar, higher materials and commodities. If that is reversing, you could see a rotation out of materials and commodities. At the same time, oils are getting hit by falling crude prices.
economists employment evidence expecting finally jobs months october picture providing rose straight traders turning
Most traders will really be positioning for the October employment report. Economists are expecting that non-farm payrolls rose by approximately 50,000 during the month, providing evidence that with two straight months of employment growth, the jobs picture is finally turning around.
break range stuck tight volatility
We're stuck in a tight range with a lot of volatility as we try to break out.
almost coming next week
Next week is big. You have something coming out almost every day of the week that's important.
beyond companies earnings far lost maybe saying seen visibility
It's not that the earnings we've seen so far have been bad, ... it's that you have companies like Pfizer saying they've lost visibility for 2006 and 2007 and maybe beyond that.
attention certainly gold paying prices traders
It's interesting to see gold prices so high, it is certainly something traders will be paying some attention to.
coming continue earnings energy gold market news prices problem
The big problem for the market has been the news flow. Energy prices continue to rise, gold prices continue to go up and earnings are coming in very mixed.
busy means
It's going to be a really busy day. All of this means you're probably going to see a lot of volatility.
adding clear compared continue economic employment entering growth jobs number people possible previous stay time
It's clear that employment growth this time around has been sub-par compared to previous economic recoveries. You need about the number of jobs that we're adding now just to stay even with the number of people entering the economy. It's very possible that we're going to continue to see sub-par growth.
certainly dominated investors issue today weighed wonder
I think the issue that dominated today was the Wal-Mart announcement, because it made investors wonder if we're going through another slowdown, ... That certainly weighed on stocks.
area continuing high last rotation seems selling
There's been a lot of selling in the blue-chip area over the last two weeks, with a rotation into high tech, and that seems to be continuing today.
money move people profit taking
You probably just have some profit taking on people who've made some money on this move from 1,260 to 1,290 are on the S&P 500.