Tom Schrader
Tom Schrader
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.
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.
amazing given negatives thrown
Given all the negatives thrown at the market, it's amazing how well it's doing.
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.
aside calmed concerns definitely dollar people
I don't think people have set aside dollar concerns long-term or even intermediate-term, but definitely right now, short-term, people have calmed down about it.
Caterpillar has the Dow down, but everything else is up a little bit, particularly the techs,
basically bigger bounce due market seeing
Basically we're seeing a bounce after yesterday's debacle. I think the market is getting really oversold and we're probably due to see a bigger bounce back pretty soon.
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.
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.
gotten people sentiment start wanting
Sentiment had gotten so bad. People are wanting to start get back in.
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.
damage exactly market oil seems soon taken
While it's too soon to tell exactly what the damage is, I think the market had priced in even more damage to the oil infrastructure than what seems to have taken place.
change nice rally tech
We've got a big rally in tech going and it's a nice change of pace.