46 Quotes by Marc Pado
- Author Marc Pado
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This morning stocks are looking to start the day slightly lower.
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It's a little bit (bond) positive because GDP did rise as expected.
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It looks like some seasonal New Year's buying will give the market a bullish start, but this January faces many negative technical obstacles.
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It's probably going to be the one event in the afternoon that sets the tone for how we finish.
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It will impact the Dow but on broader basis it won't do much to the market. I think there are much bigger factors today such as the semiconductor index above its 200-day moving average and it faces some cautious comments out of Merrill,
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It will take some strong earnings and bullish forecasts, as well as positive economic data, to keep the rally going. There are plenty of economic data and earnings releases to sway market opinion from hour to hour and day to day. Behind it all, there is the rising threat of geopolitical tensions with Iran and higher interest rates out of the Federal Reserve.
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The negative productivity number we saw today about the fourth quarter raises fears that companies are not going to be able to absorb those costs.
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Any time you remove uncertainty, it's good news for the market. Having raised the question, the market has shifted its attention to Greenspan from earnings.
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Any time you remove uncertainty, it's good news for the market,
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