Tom Schrader Quotes (59 Quotes)

The concern is that we're very overbought right now.

It might be tough to keep up this pace, but the gains will probably continue. People are definitely putting money into stocks.

It's a continuation of the same concerns. People don't want to put money in when we have nothing but uncertainty on the international front. There's been so much selling already, but whatever is left is enough to drag the market down. People want to sit it out right now.

A strong payrolls number would be important for the market and could get the indexes moving as it would enhance hopes that the labor market is improving, which ties into consumer confidence and consumer spending.

It (the advance) seems to be very broad-based, with really good breadth,

This is more or less a continuation of the October effect. Since about mid-October, we've been rallying and that's traditionally the time you're going to see that. We've had some nice earnings reports in the last week supporting a rally and we're probably going to continue to see that.

The payroll data Friday is going to be the big swing factor. Ahead of that, I would expect that we could drift a little higher, but nothing too substantial.

We had such big gains yesterday that it is not unusual for us to consolidate a little bit. Then, oil's down but gasoline is up and that is counterbalancing each other, ... The economic news we had this morning was less than inspiring.

The payrolls number is probably going to be in line, and we'll see another session of listless trading. But if it is something dramatic, we could see a violent reaction, one way or the other.

We've kind of stalled here. Basically we've seen some profit-taking based on the gains we've had since mid-October.

Everyone's always concerned about inflationary pressures, and the CPI will certainly give us a hint about that on the consumer side,

Any time a big stock like Honeywell is up 6 percent, that's certainly going to put a positive spin on the market.

I've heard that numerous trading desks, out of concerns about terrorism and congestion, are staffing their disaster recovery sites with half their personnel. A number of money managers are going to be working from home.

The consumer confidence (index) this morning was better than expected, and the lack of negative pre-announcements has given people the impression that first-quarter earnings are going to be good.

They'll be looking at the PPI with a real hard eye for what inflation is going to be.

Oil is certainly creating some anxiety in the market.

They like the CPI news this morning and the action in oil markets, with oil down 2 percent. Investors are less worried about inflation, and with energy prices coming in a little bit, that will give more money for the consumer to spend.

Lexmark was bad, 3M was good, and in general you've had that today, with the mix of earnings sort of canceling each other out, ... I think people are using this as a reason to take profits, particularly after the tremendous run we've had, and I don't think that's a bad thing.

Oil is always a negative factor for the markets and that, combined with lack of economic data, is contributing to a lack of interest in the stock markets this morning. On the bright side, the series of company upgrades is certainly welcome.

It's a pretty good rally today but not tremendously strong. The breadth is good, but I'd like to see the volume a bit stronger.

The danger is that we're getting a little overextended.

There's not a lot happening ... it's just really, really quiet. You might see this kind of action through Labor Day. Typically, this just isn't a good time of the year to put money to work.

All of those numbers will be looked at, but the biggest number tomorrow will be the sentiment index.

Economic numbers this morning were very story and could give the Fed more ammo to possibly continue their rate hikes past May. Most of the numbers we've seen over the past few weeks have been stronger than expected.

If it's 25 basis points and the bias is neutral, they're going to sell it off. If it's 50 basis points and neutral, they'll sell it off. You'll probably see a smaller bout of selling if it's 50 points, because although that would mean the economy is doing worse than we've thought, it would also signal that the Fed is not going to cut again for a while.

A slowing Chinese economy would put a damper on commodity prices. People are concerned that slowdown would hurt the global economy.

We're suffering from a dearth of information -- there's no economic news until Thursday.

Last week was very busy and I think today there is less impetus to move. There's no earnings news, no economic news until later in the week, and so there's nothing really to move us.

Intel and a Barron's online article about slower PC sales hit the techs in the morning, but I don't think they said anything that hasn't been said or hinted at recently.

The news that Bush was aware of or maybe authorized the (intelligence) leak is what's causing the weakness in the market.

I think the rally got started by news of the super-secret meeting with the Iraqi military this morning and just kept going from there. Everybody loves equities and the dollar today and everything else is down.

It seems that GM put a damper on things with some negative comments, and the economic numbers were a little weaker. They are both putting an overhang on the IBM news, which was generally positive. This is one of the biggest earnings days we have -- and people are going to be focusing more on the guidance than they are the actual earnings.

It seems to be some natural selling, an extension of last week ... Terrorist activity over the weekend in Turkey led to selling in Japan and selling here the earnings this morning were mixed, and you have no staggering economic news until Thursday, so people are taking some money off the table right now.

All the numbers we saw this morning were good for the market's purposes. GDP growth was certainly positive. Maybe there was a little disappointment that jobless claims didn't drop more, which doesn't bode well for next week's monthly unemployment number.

You're going to see increased volatility through the end of the week, and it's probably going to be even worse Friday,

I think people are very worried that this is going to stretch out, particularly if it's close. No one knows who is going to win, or when they will win, and there's still talk of terror activity around the election.

I'm trying to stay positive but it's really hard. I guess one silver lining is that October, historically, has often been a period when we've been able to put in a good bottom and see real capitulation. We've already hit several lows this month and from a technical standpoint, it looks like because we are at such extreme levels, we really could see some sort of rally before the end of the year.

I wouldn't discount the likelihood that next week will be flat to lower. It's a holiday week, volume will be light, and after four up weeks we'll need a pause.

A lot of the reason for the rally is that people think that everything's on the table. You saw a knee-jerk reaction this morning, with people selling on an initial reaction to the news, Europe being down so much and some weak earnings, like Kraft.

I think the unemployment report is the main indicator people are waiting for this week.

We've got some weighty numbers tomorrow, with consumer sentiment and Chicago PMI due.

Sometimes Greenspan tends to spin a web when he's talking, so I am not sure how many hints he'll give about the size and speed of interest rate hikes.

It's a broad advance today -- pretty much every sector is up. It's really just a case of ... an oversold market, but sometimes oversold markets pick up steam.

More than half the Dow stocks are up. People are putting money into mainstream companies looking for quality and less volatility.

But the ups and downs of company fortunes resulted in little tumult and little change. It's calm and fairly quiet today, which probably relates to the storm up and down the East Coast, which is keeping a lot of traders home, ... But everybody has a pretty positive tone. I'd just like to see a little more business,see the volume pick up a little.

We've got earnings concerns today, and oil prices are still scaring everyone.

We're starting to get into that no man's land of lack of earnings, with most of the SP 500 having reported already. We'll have durable goods orders tomorrow and beyond that, the market is going to have to count on the economic news and the price of oil for drivers.

The selling today is long overdue after the recent rally. You're seeing a lack of buyers ahead of the Fed. You'll probably see more selling tomorrow as the meeting begins.

We had a great run and I think it's time for a little pause as we reflect.

I don't think people have set aside dollar concerns long-term or even intermediate-term, but definitely right now, short-term, people have calmed down about it.