We're at pretty high levels on the indexes, there's a lot of economic news coming out over the next few days, and Friday is a quadruple witching day, all of which is adding to the volatility and the pullback.
More Quotes from Paul Mendelsohn:
The market's been getting positive news from GM, oil and semiconductors. But we have the quadruple witching to contend with, which could lead to a lot of volatility, so even though we're up now, we could open anywhere.Paul Mendelsohn
In Europe, oil and commodity stocks were higher again and that seems to be the theme with crude oil above 74 this morning... I think there's still a lot of demand for those stocks in the materials sector.
Paul Mendelsohn
It wasn't a good day across a lot of sectors. The rise we saw in the 10-year Treasury spooked some investors today. With the yield curve flattening, it could translate into a slowdown in the housing market.
Paul Mendelsohn
The PPI is important because it's the first piece of real inflation data of the year. And while the PPI has been rising, the CPI has not been keeping pace. Corporate America must be getting squeezed in the middle.
Paul Mendelsohn
Most traders will really be positioning for the October employment report. Economists are expecting that non-farm payrolls rose by approximately 50,000 during the month, providing evidence that with two straight months of employment growth, the jobs picture is finally turning around.
Paul Mendelsohn
For individuals, inflation has been an issue for a while, but for the market, it really wasn't. Over the last few days, the psychology changed.
Paul Mendelsohn
Readers Who Like This Quotation Also Like:
Based on Topics: Economics QuotesBased on Keywords: quadruple, witching
Lawyers claim that their clients have been grossly mistreated, which is what criminal defense lawyers are paid to do.
Kenneth Starr
I was teased horribly as a child and beaten up a lot.
Wayne Brady
When Karim and his group heard about Saddam coming, they wanted to kill him, but fate had other ideas.
Saadi