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Tom Schrader Quotes
«The concern is that we're very overbought right now.»
Author: Tom Schrader
«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.»
Author: Tom Schrader
«Caterpillar has the Dow down, but everything else is up a little bit, particularly the techs.»
Author: Tom Schrader
«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.»
Author: Tom Schrader
«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.»
Author: Tom Schrader
«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.»
Author: Tom Schrader
«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.»
Author: Tom Schrader
«A slowing Chinese economy would put a damper on commodity prices. People are concerned that slowdown would hurt the global economy.»
Author: Tom Schrader
«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.»
Author: Tom Schrader
«Everyone's always concerned about inflationary pressures, and the CPI will certainly give us a hint about that on the consumer side.»
Author: Tom Schrader