Tom Schrader
Tom Schrader
beginning hard hit
We got hit so hard at the beginning of the week,
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.
number session violent
The payrolls number is probably going to be in line, and we'll see another session of listless trading. But if it is something dramatic, we could see a violent reaction, one way or the other.
ahead data drift expect friday payroll swing
The payroll data Friday is going to be the big swing factor. Ahead of that, I would expect that we could drift a little higher, but nothing too substantial.
beyond bounce expect few given hot next severity
Given the severity of the downturn, I would think we'll get a little more of a bounce over the next few weeks, but I wouldn't expect much beyond that. I think it's going to be a long, hot summer.
convention due fact nice oil passed primarily relief
We had a very nice rally, primarily due to the fact that we had oil down, and there was some relief that the convention passed without incident.
employment euphoria fact friday oil prices saw seeing
I think you're seeing a continuation of the euphoria we saw on Friday with the employment numbers, and the fact that oil prices are down again.
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.
action ahead amount approach due earnings economic last later news nice people run sideways taking week
I think we're going to see some sideways action this week. We had a nice run last week and there's a significant amount of economic and earnings news due out later in the week. I think people are taking a 'wait and see' approach ahead of that.
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.
breadth catalyst move oil primarily volume
We're primarily up because we're oversold and oil is down. The breadth is decent, but the volume is low. There's just not much of a catalyst to move us.
amazing given negatives thrown
Given all the negatives thrown at the market, it's amazing how well it's doing.