We're going to look at any economic news that shows the economy is starting to pick up steam. Anything on the front end of the economy where the consumer is if that starts to pick up steam then that's going to give investors confidence that the economy is going to pick up.
More Quotes from John Forelli:
Oil and inflation are always a concern. It's the main driver for why we've seen this defensive market this past week.John Forelli
We're trying to get back to normal in a situation that is proving to be anything but.
John Forelli
Everyone will be looking at the holiday sales numbers when they come back Monday. They'll be looking to see what happened the day after Thanksgiving, but also over the weekend.
John Forelli
We're at the point in the earnings period where we get all the bad news, because we're in the first two weeks of the new quarter. So I think there's a little anxiety about fourth-quarter earnings right now.
John Forelli
We should expect some profit taking. If we hold on to half of the gains (of the last two weeks) we should be happy about that.
John Forelli
We have yet to see any tangible signs of economic recovery and you start to worry whether consumers will be able to hang on until business activity picks up.
John Forelli
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