60 Quotes by Jack Ablin

Right now, we have this positive confluence of earnings and economic news that has been propelling the market.

Right now, the transparency we had with (former Chairman Alan) Greenspan is gone. We're trying to get some semblance of which way the Fed is going to go.

Raising rates by more than 25 basis points would shock the market so much that the Fed's credibility would vanish.

People are taking some comfort in results and a feeling that the economy is getting better, but there's still some caution. We need to see more evidence of a sustainable recovery. We need companies to start seeing profits more through top-line growth than just cost-cutting measures.

After looking at the employment numbers, there is no doubt in my mind that the measured language remains. Knowing what we know now, there's no pause in 2005.

Any number Wal-Mart gives is tantamount to an economic indicator,

You needed to be a meteorologist to make money in this market.

This deal makes sense for both companies. Bank of New York has been expanding in the custodial business and doing a fine job. This shift out of distribution is an ideal fit for J.P. Morgan.

This lends some comfort to the situation. In spite of slight economic weakness, the Fed sees no need to change its strategy. It's also not going to shut down the economy too quickly.