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.
More Quotes from Marc Pado:
There is no question that the tone has turned more positive. We haven't broken out yet, but the markets are poised. Now all we need is for the news to hit the ball out of the park, and it needs to be perfect. Crude is still high and the yield curve is still flat, but the market's focus is on other things right now.Marc Pado
Yesterday was perhaps as technically disappointing as last Friday.
Marc Pado
We are facing a large number of Katrina-related warnings, ... The market is just coming to realize that it is going to be a tough September.
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
The futures are off to a slightly lower start after the Group of Seven industrial nations made a firmer call for China to accelerate the exchange rate of the yuan. The dollar got hit in response.
Marc Pado
If you're going into the worst year of a four-year cycle and heading into one of the worst months statistically of the year, then it seems like a likely opportunity for the market to see its 10 percent correction.
Marc Pado
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Based on Topics: Perspective QuotesIt's gonna be short if it's news; put it at the top. Style's not an issue, just make it news.
Kurt Loder
Who is more foolish? The fool or the fool that follows it?
Alec Guinness
As one grows older one becomes more critical of oneself and less of other people.
Basil Rathbone