Tom Schrader Quotations

There are some concerns about retail sales but they don't seem to be weighing on the market.

We're starting to get into that no man's land of lack of earnings, with most of the S&P 500 having reported already. We'll have durable goods orders tomorrow and beyond that, the market is going to have to count on the economic news and the price of oil for drivers.

We've got earnings concerns today, and oil prices are still scaring everyone.

We have negative news coming out of the home builders this morning, and obviously that's been an area that has led the economy.

We had a very nice rally, primarily due to the fact that we had oil down, and there was some relief that the convention passed without incident.

Lexmark was bad, 3M was good, and in general you've had that today, with the mix of earnings sort of canceling each other out, ... I think people are using this as a reason to take profits, particularly after the tremendous run we've had, and I don't think that's a bad thing.

Low volume tends to exacerbate any moves, and I think on Friday everyone on Wall Street is going to have skeleton crews on staff.

Sentiment had gotten so bad. People are wanting to start get back in.

More than half the Dow stocks are up. People are putting money into mainstream companies looking for quality and less volatility.

I wouldn't discount the likelihood that next week will be flat to lower. It's a holiday week, volume will be light, and after four up weeks we'll need a pause.

Caterpillar has the Dow down, but everything else is up a little bit, particularly the techs,

Basically we're seeing a bounce after yesterday's debacle. I think the market is getting really oversold and we're probably due to see a bigger bounce back pretty soon.

Given all the negatives thrown at the market, it's amazing how well it's doing.

Friday's payrolls number is certainly the week's biggest news, and you may see some hesitation ahead of that.

I don't think people have set aside dollar concerns long-term or even intermediate-term, but definitely right now, short-term, people have calmed down about it.

Given the severity of the downturn, I would think we'll get a little more of a bounce over the next few weeks, but I wouldn't expect much beyond that. I think it's going to be a long, hot summer.

We're primarily up because we're oversold and oil is down. The breadth is decent, but the volume is low. There's just not much of a catalyst to move us.

We're off our highs, but we're trying to work it back higher again.

I think investors are reacting positively to what's going on right now, with this new phase of the war. The more certain investors are that things are going well -- and they seem to be going very well -- the more hints we have that Saddam may be dead, the more investors are going to jump in.

I think you're seeing a continuation of the euphoria we saw on Friday with the employment numbers, and the fact that oil prices are down again.

I think we're still going to get a bit of a Santa Claus rally. But I'm not sure how substantial it's going to be.

I think a lot of people are sitting on their hands, waiting for a little more meaningful earnings reports, ... Alcoa was better than expected and we have GE earnings at the end of the week, so maybe that will give us some direction.

I think this choppiness is definitely going to continue over the next few months. The Street is very indecisive about what the economy is going to do, what the Fed is going to do.

I think we're going to see some sideways action this week. We had a nice run last week and there's a significant amount of economic and earnings news due out later in the week. I think people are taking a 'wait and see' approach ahead of that.

I think the unemployment report is the main indicator people are waiting for this week.

I think the rally got started by news of the super-secret meeting with the Iraqi military this morning and just kept going from there. Everybody loves equities and the dollar today and everything else is down.

Last week was very busy and I think today there is less impetus to move. There's no earnings news, no economic news until later in the week, and so there's nothing really to move us.

I think people are very worried that this is going to stretch out, particularly if it's close. No one knows who is going to win, or when they will win, and there's still talk of terror activity around the election.

While the capture is important on a humanistic level for the market, after reacting to it overnight, we're back to the usual focus: earnings and the economy.

We're definitely kind of seeing a little bit of a year-end rally here, and I would expect it to continue this week.

We've got some weighty numbers tomorrow, with consumer sentiment and Chicago PMI due.

We've kind of stalled here. Basically we've seen some profit-taking based on the gains we've had since mid-October.

The payrolls number is probably going to be in line, and we'll see another session of listless trading. But if it is something dramatic, we could see a violent reaction, one way or the other.

The payroll data Friday is going to be the big swing factor. Ahead of that, I would expect that we could drift a little higher, but nothing too substantial.

We got hit so hard at the beginning of the week,

While it's too soon to tell exactly what the damage is, I think the market had priced in even more damage to the oil infrastructure than what seems to have taken place.

We've had a really nice run. I think we need to see a little pullback before we go higher. There's not going to be much in the next two days to change that. Jobless claims tomorrow won't be a market mover. I think we'll probably see a little profit taking the rest of the week.

We've had a lot of earnings that have been in line or better, and the Street's been yawning. If the earnings stay strong, we could hold at these levels, but any nasty downside surprise and we could see some selling.

We've got a big rally in tech going and it's a nice change of pace.

We're suffering from a dearth of information -- there's no economic news until Thursday.

There is so much cash in the corporate coffers out there, that I think you can probably anticipate there will be more mergers happening.

We had a great run and I think it's time for a little pause as we reflect.

We had such big gains yesterday that it is not unusual for us to consolidate a little bit. Then, oil's down but gasoline is up and that is counterbalancing each other. The economic news we had this morning was less than inspiring.

Every indicator I look at shows that we're just really overbought right now. I would look for the indexes to suffer some more profit taking over the next few weeks.

Every indicator I look at shows that we're just really overbought right now, ... I would look for the indexes to suffer some more profit taking over the next few weeks.

Crude futures are down as investors see the storm going in a less economically vulnerable area, and that's what has got the market rallying.

There's not a lot happening ... it's just really, really quiet. You might see this kind of action through Labor Day. Typically, this just isn't a good time of the year to put money to work.

Things are going to be very, very quiet today, because I?m sure half the portfolio managers in New York and in Boston are going to stay home.

The storm is drifting east, and the further east of Houston it gets, the less damage it is going to do to refineries in the Houston area.

The semiconductor index right now is a broken index. Until it finds some support, it will continue to sell off and that tends to drag down the market as a whole.

The selling today is long overdue after the recent rally. You're seeing a lack of buyers ahead of the Fed. You'll probably see more selling tomorrow as the meeting begins.

Techs are moving a little and you have oil and gasoline down, which is moving the transports. The drop in energy is also knocking the oil sector lower, and that's maybe weighing on the blue chips.

Sometimes Greenspan tends to spin a web when he's talking, so I am not sure how many hints he'll give about the size and speed of interest rate hikes.

Acquisitions are always positive because it implies that someone out there thinks something is undervalued.

Oil is certainly creating some anxiety in the market.

Oil is always a negative factor for the markets and that, combined with lack of economic data, is contributing to a lack of interest in the stock markets this morning. On the bright side, the series of company upgrades is certainly welcome.

Any time a big stock like Honeywell is up 6 percent, that's certainly going to put a positive spin on the market.

Augusts are tough months. We've pretty much got the meat of the earnings out of the way, and now we've got to drift through the summer doldrums.

Augusts are tough months, ... We've pretty much got the meat of the earnings out of the way, and now we've got to drift through the summer doldrums.

A slowing Chinese economy would put a damper on commodity prices. People are concerned that slowdown would hurt the global economy.

A slowing Chinese economy would put a damper on commodity prices, ... People are concerned that slowdown would hurt the global economy.

You're going to see increased volatility through the end of the week, and it's probably going to be even worse Friday,

They're taking oil higher because of the inventory numbers, ... but the thing with oil is that there's a lot of whipping and sawing in the oil pits, a lot of things pushing oil around.

A lot of the reason for the rally is that people think that everything's on the table. You saw a knee-jerk reaction this morning, with people selling on an initial reaction to the news, Europe being down so much and some weak earnings, like Kraft.

A strong payrolls number would be important for the market and could get the indexes moving as it would enhance hopes that the labor market is improving, which ties into consumer confidence and consumer spending.

It seems to be some natural selling, an extension of last week ... Terrorist activity over the weekend in Turkey led to selling in Japan and selling here; the earnings this morning were mixed, and you have no staggering economic news until Thursday, so people are taking some money off the table right now.

It seems that GM put a damper on things with some negative comments, and the economic numbers were a little weaker. They are both putting an overhang on the IBM news, which was generally positive. This is one of the biggest earnings days we have -- and people are going to be focusing more on the guidance than they are the actual earnings.

It's a continuation of the same concerns. People don't want to put money in when we have nothing but uncertainty on the international front. There's been so much selling already, but whatever is left is enough to drag the market down. People want to sit it out right now.

It's a broad advance today -- pretty much every sector is up. It's really just a case of ... an oversold market, but sometimes oversold markets pick up steam.

It might be tough to keep up this pace, but the gains will probably continue. People are definitely putting money into stocks.

It's a pretty good rally today but not tremendously strong. The breadth is good, but I'd like to see the volume a bit stronger.

It's going to be a quagmire near the close.

The news that Bush was aware of or maybe authorized the (intelligence) leak is what's causing the weakness in the market.

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.

Everyone's always concerned about inflationary pressures, and the CPI will certainly give us a hint about that on the consumer side.

It (the advance) seems to be very broad-based, with really good breadth,

They'll be looking at the PPI with a real hard eye for what inflation is going to be,

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.

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.

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.

Generally, earnings are better than expected and I think the stock market is receptive to that.

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.

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.

The market has a negative tone to it right now,