24 ordspråk av Mike Cloherty

Mike Cloherty

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With signs of things looking a little better, those expectations have diminished.

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.

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.

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.

They've given all this extremely confusing talk about unconventional methods over the past few months. There's substantial work to be done on the whole communication issue over there.

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.

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.

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

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