Friday's payrolls number is certainly the week's biggest news, and you may see some hesitation ahead of that.
More Quotes from Tom Schrader:
We're suffering from a dearth of information -- there's no economic news until Thursday.Tom Schrader
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.
Tom Schrader
We've kind of stalled here. Basically we've seen some profit-taking based on the gains we've had since mid-October.
Tom Schrader
It (the advance) seems to be very broad-based, with really good breadth,
Tom Schrader
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.
Tom Schrader
I think the unemployment report is the main indicator people are waiting for this week.
Tom Schrader
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