It will impact the Dow but on broader basis it won't do much to the market. I think there are much bigger factors today such as the semiconductor index above its 200-day moving average and it faces some cautious comments out of Merrill,
More Quotes from Marc Pado:
Obviously the Iranian thing is a wild card and nothing's going to get resolved in the short term, but the earnings are really what's key to the market and any longer-term perspective.Marc Pado
While the market was still moving higher, the internals leave much to be desired. The action is not negative, just not impressive, which leads me to believe that we are in an up-trending trading range.
Marc Pado
By the end of this week, the attention will shift to the December employment report and then on to earnings starting next week. By the end of the month, earnings and forward-looking projections will be what needs to step up to the plate if the market is to continue the rally.
Marc Pado
Yesterday was perhaps as technically disappointing as last Friday.
Marc Pado
This morning stocks are looking to start the day slightly lower.
Marc Pado
The negative productivity number we saw today about the fourth quarter raises fears that companies are not going to be able to absorb those costs.
Marc Pado
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Based on Topics: Moderation & Temperance QuotesBased on Keywords: merrill
There is no standing still because time is moving forward.
Greg Lake
The sinews of art and literature, like those of war, are money.
Samuel Butler
I'm still that little girl who lisped and sat in the back of the car and threw vegetables at the back of her head when we drove home from the market. That never goes.
Tracey Ullman