Khuram Chaudhry Likely Quotations

We are in the midst of the third-quarter reporting season and it's quite likely the numbers will meet expectations or be below, so there is still scope for bad news.

It seems like the U.S. markets are likely to see a sloppy start after Friday's sessions,

While this appears no more than a routine reshuffle, September's review is likely the impact the markets in a positive way.

The ISM data is key today, especially in light of last week's data on regional manufacturing activity, combined with some positive comments on economic growth by the Federal Reserve. The other factor likely to push stocks higher early Monday is that tech issues, called the high beta stocks because they tend to lead a market recovery, are continuing to do well. That's certainly a plus for the market.

We've seen a lot of bad news emerge from the U.S., ... and it's likely to continue with regard to European companies.

If there are no interest rate cuts before the end of the year, the concern will be that we are going down the deflation road, since economic data is unlikely to turn up of its own accord,