48 Quotes by Doug Porter

I suspect it was just a bout of profit taking, a bit of nervousness ahead of next week's Fed meeting. Not that anyone's expecting anything out of the Fed's next week, but I think there still are some lingering concerns about the longer-term interest rate outlook. Especially with oil prices pushing above $32 a barrel,

It clearly shows that the U.S. economy is very strong and isn't slowing down. That doesn't bode well for the possibility of inflation and it doesn't bode well for the outlook for the U.S. dollar.

I think what the market is waiting for is some signs of stabilization in the global economy, and especially the U.S. economy.

I think it's quite possible revenues will come in on the high side of expectations simply because we've had very robust corporate profit growth over the last year.

I think there are more pieces of good news here than bad news.

Some of the high-flying tech stocks, and again those are the ones without earnings, turned tail around mid-afternoon in line with the share pull-back in the Nasdaq.

Some of the weakness in the broader market was probably due to the fact that New York suffered a fairly large sell-off.

I think Monday's decline is pretty modest after last week's sprint, so a bit of a pullback is not a complete surprise.

Today's report reinforces the view that last year's energy price spike simply was not passed onto other prices.