30 Quotes by Michelle Clayman

People are looking for a pretty good earnings pick-up in the second half of the year. The rate cuts are certainly going to kick in.

I think part of it is certainly a relief rally that the blackout is behind us.

Yesterday was a fairly solid day, today we had a fair amount of economic news -- and as far as the market is concerned it's good news and bad news.

We're also still getting support from the low interest rates. While Treasury yields are not as low today as they've been, they are still historically at a substantial low, and that lends support to equities.

We are in the summer doldrums. Once we get into September, markets will probably rally because the fundamentals are strong but August tends to be a time of light trading.

Earnings have been pretty astonishing, but the market hasn't always responded to that. I think people are feeling better about tech earnings in particular, but we still have worries about interest rates and what that might do to the recovery.

There's still a great deal of uncertainty. We've got a pretty worrying international situation. There is a decline in confidence in business leadership based on a few bad apples, and a certain complacence about the economic data.

The run-up is probably due to a number of factors.

Oil is remarkably high, but at least it's moving in the right direction.