The fourth-quarter earnings are expected to show growth from a year ago, and there have been very few pre-announcements one way or the other, which is positive, ... But it's not unusual to see this kind of choppiness as traders maneuver around and decide what they want to be in ahead of the earnings.
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I think early January should live up to its reputation as a pretty good time of year for stocks.Timothy Ghriskey
The talk is that the Fed is going to be getting more aggressive soon, and may start raising rates by 50 basis points at a time. It's not going to happen this time, because (Fed Chairman) Alan Greenspan knows he needs to prepare the market for this in advance.
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Today, you have some not so great news coming out of the Middle East, violence in Pakistan, violence in Iraq, and that makes the rise in oil prices a bigger issue.
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Oil still remains the big uncertainty out there for the market, ... I think the attack in Saudi Arabia and worries about Friday's OPEC meeting are unsettling financial markets.
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Ford Motor warned Friday and that type of news is pressuring stocks,
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