60 Quotes by Jack Ablin

For the fee-based deal business, it's still a favorable environment. But they also have a huge consumer credit exposure.

The housing news was the big setback today. While we suspect that housing is likely to slow and thereby take the primary catalyst away from consumer spending, the number came in worse than expected and forced investors to face reality much sooner.

The GDP upgrade could put more pressure on the Fed. At the same time, we're losing ground with the consumer... From the perspective of today's market, it's a one-two punch.

The confidence report really personifies what's going on in consumers' minds right now. Investors are looking at Katrina and Rita as a one-two punch for the economy.

All of those things conspired to create a difficult environment for stocks.

The market is starting to shift back to quality stocks.