92 Quotes by Tom Schrader

This is more or less a continuation of the October effect. Since about mid-October, we've been rallying and that's traditionally the time you're going to see that. We've had some nice earnings reports in the last week supporting a rally and we're probably going to continue to see that.

The danger is that we're getting a little overextended,

The flat fee will allow consistency for the marketplace.

The Dow's getting hammered by all the bad news this morning,

The confidence number this morning was abysmal, and that's what shocked the market. The higher oil prices are definitely starting to have an impact on consumer spending.

The concern is that we're very overbought right now,

The consumer confidence (index) this morning was better than expected, and the lack of negative pre-announcements has given people the impression that first-quarter earnings are going to be good.

All of those numbers will be looked at, but the biggest number tomorrow will be the sentiment index.

All the numbers we saw this morning were good for the market's purposes. GDP growth was certainly positive. Maybe there was a little disappointment that jobless claims didn't drop more, which doesn't bode well for next week's monthly unemployment number.