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.
More Quotes from Tom Schrader:
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.Tom Schrader
They'll be looking at the PPI with a real hard eye for what inflation is going to be.
Tom Schrader
More than half the Dow stocks are up. People are putting money into mainstream companies looking for quality and less volatility.
Tom Schrader
It might be tough to keep up this pace, but the gains will probably continue. People are definitely putting money into stocks.
Tom Schrader
Friday's payrolls number is certainly the week's biggest news, and you may see some hesitation ahead of that.
Tom Schrader
The danger is that we're getting a little overextended.
Tom Schrader
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