Tom Schrader
Tom Schrader
near
It's going to be a quagmire near the close.
definitely gains might money people putting tough
It might be tough to keep up this pace, but the gains will probably continue. People are definitely putting money into stocks.
bit breadth good rally today volume
It's a pretty good rally today but not tremendously strong. The breadth is good, but I'd like to see the volume a bit stronger.
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.
advance broad case markets pick sector today
It's a broad advance today -- pretty much every sector is up. It's really just a case of ... an oversold market, but sometimes oversold markets pick up steam.
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.
higher inventory oil pushing taking whipping
They're taking oil higher because of the inventory numbers, ... but the thing with oil is that there's a lot of whipping and sawing in the oil pits, a lot of things pushing oil around.
europe initial people rally reaction reason saw selling weak
A lot of the reason for the rally is that people think that everything's on the table. You saw a knee-jerk reaction this morning, with people selling on an initial reaction to the news, Europe being down so much and some weak earnings, like Kraft.
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.
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.
beyond count durable economic goods lack land market news oil orders price reported starting tomorrow
We're starting to get into that no man's land of lack of earnings, with most of the S&P 500 having reported already. We'll have durable goods orders tomorrow and beyond that, the market is going to have to count on the economic news and the price of oil for drivers.
article hit intel online pc sales slower
Intel and a Barron's online article about slower PC sales hit the techs in the morning, but I don't think they said anything that hasn't been said or hinted at recently.
earnings expected market receptive stock
Generally, earnings are better than expected and I think the stock market is receptive to that.