“If crude oil prices hit $60 a barrel, that's going to stir up old fears of higher energy prices and revive worries about their impact on consumer spending. The $60 dollar level is a key psychological barrier.”
“For the most part, Christmas is here and everyone is taking a well-deserved break, including Wall Street. Unless there's a significant deviation from expectations on the economic data, I'd be surprised if the market closed more than 30 points either way.”
“Oil seems to be a tad off today, ... One of the reasons yesterday sold off so much was having that surge in oil. We're getting a little respite from that this morning.”
