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. Tom Schrader
Motivational, Inspirational, Funny Quotes
![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. - Tom Schrader Quotes](/pic/img/img.php?text=SWYgaXQncyAyNSBbYmFzaXMgcG9pbnRzXSBhbmQgdGhlIGJpYXMgaXMgbmV1dHJhbCwgdGhleSdyZSBnb2luZyB0byBzZWxsIGl0IG9mZi4gSWYgaXQncyA1MCBbYmFzaXMgcG9pbnRzXSBhbmQgbmV1dHJhbCwgdGhleSdsbCBzZWxsIGl0IG9mZi4gWW91J2xsIHByb2JhYmx5IHNlZSBhIHNtYWxsZXIgYm91dCBvZiBzZWxsaW5nIGlmIGl0J3MgNTAgcG9pbnRzLCBiZWNhdXNlIGFsdGhvdWdoIHRoYXQgd291bGQgbWVhbiB0aGUgZWNvbm9teSBpcyBkb2luZyB3b3JzZSB0aGFuIHdlJ3ZlIHRob3VnaHQsIGl0IHdvdWxkIGFsc28gc2lnbmFsIHRoYXQgdGhlIEZlZCBpcyBub3QgZ29pbmcgdG8gY3V0IGFnYWluIGZvciBhIHdoaWxlLiA=&author=ICBUb20gU2NocmFkZXIgICAg&num=8 "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. - Tom Schrader Quotes")
