92 Quotes by Tom Schrader
- Author Tom Schrader
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The news that Bush was aware of or maybe authorized the (intelligence) leak is what's causing the weakness in the market.
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Economic numbers this morning were very story and could give the Fed more ammo to possibly continue their rate hikes past May. Most of the numbers we've seen over the past few weeks have been stronger than expected.
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Everyone's always concerned about inflationary pressures, and the CPI will certainly give us a hint about that on the consumer side.
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It (the advance) seems to be very broad-based, with really good breadth,
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They'll be looking at the PPI with a real hard eye for what inflation is going to be,
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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.
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I'm trying to stay positive but it's really hard. I guess one silver lining is that October, historically, has often been a period when we've been able to put in a good bottom and see real capitulation. We've already hit several lows this month and from a technical standpoint, it looks like because we are at such extreme levels, we really could see some sort of rally before the end of the year.
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Intel and a Barron's online article about slower PC sales hit the techs in the morning, but I don't think they said anything that hasn't been said or hinted at recently.
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Generally, earnings are better than expected and I think the stock market is receptive to that.
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