30 Quotes by Irwin Michael

There is a recession already in some industries. And I think the key driver is going to be the consumer and how bad the unemployment rate is going to be, considering that layoffs are starting to pick up.

I don't think it's over for these companies, but in the short run I think they were overbought.

I think the market correction is a slow bleed. It's being nickel-and-dimed to death.

It is month-end. It's been a perky and prosperous January, so people are unsure whether they should go in and commit money right now with the market up 6 percent. It's had a nice move, so people are reticent.

I think the rate cut was the worst-kept secret around. If they didn't do 50 basis points, the market would be concerned, because I think 50 basis points was in the marketplace.

People are nervous, they're waiting for the 16th, they're waiting for earnings to come out, and they're hoping there are no surprises. The old adage, 'sell in May and go away' still applies. April was not a good month and today is terrible. It's really become more of a stock pickers' market, people don't want to stick their necks out too far.

People are nervous and as a result the market is drifting and it's a question of finding the right level to buy or even to sell. People are scratching their heads. They don't want to stick their necks out.

We're all waiting. For what, I don't know. My sense is the market is quiet, people are a little nervous, they want to see if oil continues to go through the roof.

You had the bond market weaker and you had oil and gas up as a commodity. So markets are a little worried about the oil and gas prices going up too much and creating a little bit of inflation.