Tom Schrader
Tom Schrader
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.
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.
bottom extreme good guess hit lining looks lows month period positive rally several silver sort stay technical trying
I'm trying to stay positive but it's really hard. I guess one silver lining is that October, historically, has often been a period when we've been able to put in a good bottom and see real capitulation. We've already hit several lows this month and from a technical standpoint, it looks like because we are at such extreme levels, we really could see some sort of rally before the end of the year.
continue economic fed few hikes morning numbers past possibly rate seen stronger weeks
Economic numbers this morning were very story and could give the Fed more ammo to possibly continue their rate hikes past May. Most of the numbers we've seen over the past few weeks have been stronger than expected.
certainly concerned consumer
Everyone's always concerned about inflationary pressures, and the CPI will certainly give us a hint about that on the consumer side.
action coming consumer energy investors less money morning news oil prices worried
They like the CPI news this morning and the action in oil markets, with oil down 2 percent. Investors are less worried about inflation, and with energy prices coming in a little bit, that will give more money for the consumer to spend.
good seems
It (the advance) seems to be very broad-based, with really good breadth,
eye hard inflation looking
They'll be looking at the PPI with a real hard eye for what inflation is going to be,
economic gains gasoline less morning news unusual yesterday
We had such big gains yesterday that it is not unusual for us to consolidate a little bit. Then, oil's down but gasoline is up and that is counterbalancing each other. The economic news we had this morning was less than inspiring.
dearth economic information news suffering until
We're suffering from a dearth of information -- there's no economic news until Thursday.
anticipate cash corporate mergers
There is so much cash in the corporate coffers out there, that I think you can probably anticipate there will be more mergers happening.
great pause run time
We had a great run and I think it's time for a little pause as we reflect.
crude investors less market storm vulnerable
Crude futures are down as investors see the storm going in a less economically vulnerable area, and that's what has got the market rallying.
change claims days market next nice profit rest taking tomorrow
We've had a really nice run. I think we need to see a little pullback before we go higher. There's not going to be much in the next two days to change that. Jobless claims tomorrow won't be a market mover. I think we'll probably see a little profit taking the rest of the week.