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Quotations
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Tom Schrader Quotes
«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.»
Author: Tom Schrader
«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.»
Author: Tom Schrader
«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.»
Author: Tom Schrader
«Friday's payrolls number is certainly the week's biggest news, and you may see some hesitation ahead of that.»
Author: Tom Schrader
«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.»
Author: Tom Schrader
«I think the unemployment report is the main indicator people are waiting for this week.»
Author: Tom Schrader
«It might be tough to keep up this pace, but the gains will probably continue. People are definitely putting money into stocks.»
Author: Tom Schrader
«We're suffering from a dearth of information -- there's no economic news until Thursday.»
Author: Tom Schrader
«If it's 25 [basis points] and the bias is neutral, they're going to sell it off. If it's 50 [basis points] and neutral, they'll sell it off. You'll probably see a smaller bout of selling if it's 50 points, because although that would mean the economy is doing worse than we've thought, it would also signal that the Fed is not going to cut again for a while.»
Author: Tom Schrader
«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.»
Author: Tom Schrader
