12 Quotes by Joe Liro

Next week, earnings numbers will probably be a positive for the market. The overriding negative, though, is going to be the outlook for interest rates.

You have to borrow $2 billion a day to fund that. It's an imbalance that's unsustainable.

We will likely see quite a reversal of the January surge in housing starts during February as a mid-month blizzard blanketed the East Coast under heavy banks of snow.

We've had two days of gains to start the year. I think this day is going to be the day for consolidation, and we are in front of tomorrow's payroll numbers.

Fear of higher rates and higher Treasury yields are the main factors driving markets these days. We've been used to low rates for such a long time that now it seems the market was caught by surprise with yields at these levels. We might see less borrowing and less spending as a result.

There's going to be massive reconstruction in the Gulf region in a couple of months,

They're still very decent, solid numbers and show no threat to the expansion. They're just not as strong as they were.

The two likely things influencing the market (this) week is the direction of energy prices and the impression that the Fed is going to stop raising rates.

The investor will be sensitive to any signs that the sharp spike in energy prices is going to derail the consumer sector, the overall economy and corporate profit growth in the fourth quarter.