Quotations

«I think it's not a clear and present danger,»

«Anyone who has leaned against this bull market has paid a price. Charlie Clough is a very smart guy who was symbolic of a lot of smart people who have been fooled by the continuing strength of this bull market.»

«This is clearly a defensive, reactive move by Nasdaq, but a necessary one,»

«Investors, ... ...say that when interest rates go up, avoid the financial stocks. Last year, interest rates went up a lot, both the short-end and the long-end. [But] in fact, financial companies reported very good earnings. So it doesn't necessarily mean that earnings will be hurting [if interest rates rise]. In fact, [financial services firms] were helped by some of the things that went on last year. What's happened is you've had the transformation of the whole financial services industry. Merrill Lynch ?( MER : Research , Estimates ) is now a bank; they announced today they're going into the insured deposit business. They're an Internet company as well. They're no longer just an interest-rate sensitive company.»

«It was a precursor to a great earnings season. I think the next few weeks are going to be better than anyone expects.»

«I think we are down to levels were people have said enough is enough.»

«Every time in the last couple of weeks that this has looked closer to a resolution, the market has done better.»

«It's just continued disappointment in the Federal Reserve, ... We have a growing problem in the economy and with companies' profitability and the Federal Reserve is behind it (the curve).»

«Investors continue to wait and see if there is anything that signals a bottom,»

«I think what stocks are reflecting, especially with respect to the Nasdaq, is they've incorporated the worst news.»