Mike Cloherty Quotes (14 Quotes)

I'm not against conspiracy theories as a whole, but they have to be at least somewhat credible. I guess that now that the 'X Files' is off the air you need to have this stuff to fill the void.

It's very bizarre. You didn't get much activity at all after the number came out, and then people went back to talking about the war.

This is a number you're not supposed to pay attention to in the summer.

After last week's sell-off a lot of people were caught underwater on positions. So after the market's bounce this morning, traders took it as an opportunity to lighten up on their positions . . . to buy back on some of their loss incurred Friday.

It won't make these problems go away, but it certainly will help.

The big inflationary news will be next week's CPI. It's a much broader price measure and gives you a much better look at price movements in the economy.

People assume that because the flow of information is faster, the results will be faster.

It's going to be much harder for the Fed to talk rates down after what's gone on lately. At this stage it's really going to require action rather than talk.

We'll get a big upward push from tobacco and from energy prices, and we'll see the same type of things when the CPI comes out next Tuesday.

In all their recent speeches, Fed officials certainly haven't given up any flexibility at all. For them to do something where they give up a tremendous amount of flexibility would be a big surprise.

That ex-auto number is really what's been pushing the market back today. That could force some more upward revisions to the third quarter GDP forecast.

Heavily unionized industries have a much higher filing rate because the union does all the paperwork for you and lets you know how the system works.

It's a very volatile component that should come back in the fist quarter. It's a weak report, but it's not quite as God-awful as the headline numbers make it look.

Yeah, the rate held steady, but all the payroll stuff is extremely weak. To have 357,000 down and 108,000 down back to back is definitely a concern.