Tom Shrader Quotes (5 Quotes)

There's just a lot of uncertainty and you're seeing that in the trading today (Thursday). Tomorrow's (Friday) our only big economic day of the week. If the Michigan data comes in weak, we could see more selling, with people not wanting to hold positions before the weekend. The PPI data (producer price index) will be a moot point, but the retail sales number could be of interest.

Tech is performing better today (Wednesday).

People were fairly attuned to Greenspan this morning, but I don't think anything he said had an impact one way or the other, and the tape almost stopped when Bush was speaking -- there was nothing surprising there. It's fairly quiet. I think we're suffering post-911 anniversary boredom.

I think the rise in the price of gold and gold stocks is certainly a reflection of the uncertainty today (Thursday), as those stocks tend to do well when people are nervous.

There's still tremendous fear about corporate fraud, global terrorism and other jitters. At some point people are going to perceive that this is as bad as it gets, and that's when you'll find the capitulation everyone's talking about.