18 Quotes by Bill O'Grady

You have to have the world start doing better (before commodities prices correct), and the Asian crisis is starting to look a lot like what Latin America went through in the 1980s. It took them almost a decade to get their problems fixed.

Crude oil is the least of our worries. There is ample supply in storage and the government will tap the SPR, because this is what it is there for. They released supply last year when Hurricane Ivan struck the region.

The storm has moved over Florida, so we know for sure that it's not going to damage any energy facilities. The weather is still mild so heating demand has yet to pick up. The primary trend is still lower.

This is an election year and we're already deep into the silly season. The government has to figure out what it wants to do.

It's kind of the first good news that we've had on the economy all week. It's a good number. But the problem with the number is it's really not indicative of the national number. It's the East Coast that's really suffering.

It's in Hashimoto's best interest not to show his cards, ... but others vying for office can be bolder.

If the Nigeria news was happening alone it would do nothing to the market, but together with the risk of Iranian sanctions it takes on a greater importance.

Gasoline consumption fell. That suggests one of two things. First is the economy in worse shape than we thought or the high oil prices are starting to be affected by demand destruction.

The market is facing some seasonal pressure, but given the violence of the decline and the impending long weekend, I would not be shocked by a short-covering rally into the close.