12 Quotes by Joe Liro

The consensus going into the quarter was that earnings were going to (rise) somewhere north of 10 percent and they have handily beat expectations.

The market was too sanguine about the Fed moving to the sidelines at the end of the year or under a new chairman. They're going to keep tightening until they get a break in the inflation rate.

The longer the oil prices stay at this level, the more of a weight it puts on the market. That said, unemployment claims reflect the current strength of the economy. But the perception is that the current strength cannot be sustained with oil prices at these levels. As a result, the market is having a hard time making much progress to the upside.