29 Quotes by Paul Mendelsohn

Most traders will really be positioning for the October employment report. Economists are expecting that non-farm payrolls rose by approximately 50,000 during the month, providing evidence that with two straight months of employment growth, the jobs picture is finally turning around.

Next week is big. You have something coming out almost every day of the week that's important.

One of the recent themes has been the falling dollar, higher materials and commodities. If that is reversing, you could see a rotation out of materials and commodities. At the same time, oils are getting hit by falling crude prices.

I think in the first quarter we'll fall back into the 1210 to 1246 range on the S&P 500.

It could get a little antsy in the next few weeks and stretching into mid January.

I think the issue that dominated today was the Wal-Mart announcement, because it made investors wonder if we're going through another slowdown, ... That certainly weighed on stocks.

I think a lot of investors want to see the July numbers and get a handle on whether June was just an aberration or a harbinger of things to come. The key next week is going to be that employment report.

I think the rise can continue a bit longer. We're going to hit some resistance soon from a technical point of view, but I venture to say that this advance could go on for a few more days.

Overall, the Intel mid-quarter update was quite bullish. I would suspect unless something major happens overnight you are looking at a higher opening based on the Intel news.