It might be tough to keep up this pace, but the gains will probably continue. People are definitely putting money into stocks.
More Quotes from Tom Schrader:
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.Tom Schrader
We're suffering from a dearth of information -- there's no economic news until Thursday.
Tom Schrader
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.
Tom Schrader
The danger is that we're getting a little overextended.
Tom Schrader
We had a great run and I think it's time for a little pause as we reflect.
Tom Schrader
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.
Tom Schrader
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