The factory sector appears to have begun the year on a solid note, no doubt bolstered by the surge in new orders seen at the end of last year.
More Quotes from Stephen Stanley:
I do not expect to see the Fed let its guard down on inflation any time soon even though the worst fears of energy pass-through have not come to pass.Stephen Stanley
I think the next really big number for the market is next Friday's retail sales figures. Up until Friday, investors are going to be focused on oil prices, the earnings, and to an extent, the election.
Stephen Stanley
Oil is playing a positive role for stocks and the bond market today. Also, the markets are coming off a rough stretch, which makes this bounce pretty understandable.
Stephen Stanley
There is sufficient upbeat news on the economy to convince the FOMC to tighten. If the economy warrants a rate hike, the Fed would be doing a great service by delivering.
Stephen Stanley
The labor market appears solid heading into 2006, which could have bolstered the confidence reading in January.
Stephen Stanley
We're in a pretty quiet time of the year. We've been pretty directionless today. Oil hasn't been doing much.
Stephen Stanley
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I don't know; it just seemed like the cooler guys are playing Xbox. At least the ones I know.
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