Mike Cloherty
Mike Cloherty
force market number pushing quarter third
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.
expect fears market week
All these fears that were in the market this week won't go away. Don't expect them to go away over the weekend.
amount certainly fed given officials recent tremendous
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.
against air conspiracy fill guess somewhat stuff theories
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.
broader gives measure movements news next price
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.
certainly problems
It won't make these problems go away, but it certainly will help.
changed fact force hug investors order statement themselves warm
Even if they give you a warm hug while they do it, just the fact that they intentionally changed the statement in order to give themselves more flexibility would force investors to respond.
looking signs
With signs of things looking a little better, those expectations have diminished.
comparing deflation japan people starting talking
Everyone's talking about the Fed's deflation paper. You're starting to see a lot of people talk about Japan and comparing it to here.
assume flow information people results
People assume that because the flow of information is faster, the results will be faster.
bounce buy caught last lighten loss opportunity people positions took traders underwater
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.
attention number pay supposed
This is a number you're not supposed to pay attention to in the summer.
close fed increase
If we get anything close to the 1.4 (percent) increase in the first-quarter, that will put the Fed back into play.
action fed gone harder rates rather require stage talk
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.