I think it (Friday's report) is incredibly important from a market point of view. But I'm not sure that swing voters in rural Ohio are going to be into the non-farm payroll number.
More Quotes from Greg Valliere:
The end is near. To get a resolution is the biggest story of all. Beyond that all sectors that you would expect to do well -- drugs, energy, defense stocks, utilities -- they will all do very well tomorrow morning. I see an across-the board-relief rally.Greg Valliere
The Wall Street types want to make the United States attractive for investment, and a strong currency attracts investors.
Greg Valliere
O'Neill's departure removes an impediment for a big stimulus package, ... He had been lobbying against a package, worried about a budget deficit.
Greg Valliere
The combination of fiscal and monetary stimulus right now is the largest I've seen in years, ... It's good for GDP. If the economy starts to hum, stocks should do well.
Greg Valliere
I think what we all are hoping for is resolution sooner rather than later. I'm not sure that Gore's speech at noon today would reinforce the belief that this would get wrapped up quickly. (Some) segments of the market will do well whether it's Microsoft or drug stocks, but I think it might be a little bit premature.
Greg Valliere
I thought there would be something a little gentler. This is very harsh.
Greg Valliere
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