A slowdown in GDP could inject a note of caution in copper and the other metals. All of the metals are a down a little bit today.
More Quotes from Donald Selkin:
The longer the war goes on, the longer confidence levels stay low and businesses and individuals don't spend.Donald Selkin
I don't think it's going to have much impact on stocks either way -- they basically matched the earnings, but the sales were a little light, so it's kind of neutral.
Donald Selkin
Futures are down now because of the response to Microsoft and Amazon.com, but that could change in the morning, depending on what oil is doing then.
Donald Selkin
I guess after all this selling you could see an oversold bounce next week, and some up days here and there in early February. What's concerning is that there doesn't seem to be anything to lift us on a more consistent basis.
Donald Selkin
If we can hit these economic numbers and the earnings are good, and we can chug a little higher this week, that would be helpful. The wild card is still oil.
Donald Selkin
The perception is that maybe things are getting better. I mean, how much more can these guys take We've bombed the hell out of Iraq, and we have them surrounded.
Donald Selkin
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