Paul Mendelsohn Quotations

Most traders will really be positioning for the October employment report. Economists are expecting that non-farm payrolls rose by approximately 50,000 during the month, providing evidence that with two straight months of employment growth, the jobs picture is finally turning around.

Next week is big. You have something coming out almost every day of the week that's important.

One of the recent themes has been the falling dollar, higher materials and commodities. If that is reversing, you could see a rotation out of materials and commodities. At the same time, oils are getting hit by falling crude prices.

I think in the first quarter we'll fall back into the 1210 to 1246 range on the S&P 500.

It could get a little antsy in the next few weeks and stretching into mid January.

I think the issue that dominated today was the Wal-Mart announcement, because it made investors wonder if we're going through another slowdown, ... That certainly weighed on stocks.

I think a lot of investors want to see the July numbers and get a handle on whether June was just an aberration or a harbinger of things to come. The key next week is going to be that employment report.

I think the rise can continue a bit longer. We're going to hit some resistance soon from a technical point of view, but I venture to say that this advance could go on for a few more days.

Overall, the Intel mid-quarter update was quite bullish. I would suspect unless something major happens overnight you are looking at a higher opening based on the Intel news.

Overall, the Intel mid-quarter update was quite bullish,

We're stuck in a tight range with a lot of volatility as we try to break out.

People who have doubled or tripled their money have begun to look at the multi-nationals, ... You're seeing money go into the telecoms lately, some of the drugs are stabilizing, Coke was recently at a new 52-week high.

You probably just have some profit taking on people who've made some money on this move from 1,260 to 1,290 are on the S&P 500.

This is the first crack in the home building area, ... Home building has really driven a large portion of this economic advance, and any drop in this area of the market would have very powerful ramifications for GDP growth.

There's been a lot of selling in the blue-chip area over the last two weeks, with a rotation into high tech, and that seems to be continuing today.

It's not that the earnings we've seen so far have been bad, ... it's that you have companies like Pfizer saying they've lost visibility for 2006 and 2007 and maybe beyond that.

It's going to be a really busy day. All of this means you're probably going to see a lot of volatility.

The big problem for the market has been the news flow. Energy prices continue to rise, gold prices continue to go up and earnings are coming in very mixed.

It's clear that employment growth this time around has been sub-par compared to previous economic recoveries. You need about the number of jobs that we're adding now just to stay even with the number of people entering the economy. It's very possible that we're going to continue to see sub-par growth.

It's interesting to see gold prices so high, it is certainly something traders will be paying some attention to.

The yield curve is beginning to frighten people.

This is a very difficult market to figure out. I think you have a lot of buying under the surface, but professional traders are hedging themselves and that's causing this lack of volatility.

The last thing we need is crude moving back to the $70-a- barrel level.

I'm hoping that because we've gone through virtually a whole month of selling, we'll be in a position to get a good bounce off of the bottom of the trading range.

Intel is going to have to have a very, very good report, or we could see more selling in that sector.

Hopes for a good report on consumer confidence today is helping stock futures this morning. Any signs of higher confidence, which turn into higher spending, will be supportive to the markets.

The major problem weighing here this morning is Dell, ... They missed revenue projections by a lot, and their earnings were also at the low end of the target, so that is reminding market participants that there may be a consumer slowdown taking place.

The market looks good here on a technical basis, but you're also starting to approach some overbought areas, which could send us lower.

The market's been getting positive news from GM, oil and semiconductors. But we have the quadruple witching to contend with, which could lead to a lot of volatility, so even though we're up now, we could open anywhere.