23 Quotes by Mike Cloherty

Even if they give you a warm hug while they do it, just the fact that they intentionally changed the statement in order to give themselves more flexibility would force investors to respond.

Everyone's talking about the Fed's deflation paper. You're starting to see a lot of people talk about Japan and comparing it to here.

People assume that because the flow of information is faster, the results will be faster.

After last week's sell-off a lot of people were caught underwater on positions. So after the market's bounce this morning, traders took it as an opportunity to lighten up on their positions . . . to buy back on some of their loss incurred Friday.

This is a number you're not supposed to pay attention to in the summer.

They've given all this extremely confusing talk about unconventional methods over the past few months. There's substantial work to be done on the whole communication issue over there.

It's a very volatile component that should come back in the fist quarter. It's a weak report, but it's not quite as God-awful as the headline numbers make it look.

It's going to be much harder for the Fed to talk rates down after what's gone on lately. At this stage it's really going to require action rather than talk.

The big inflationary news will be next week's CPI. It's a much broader price measure and gives you a much better look at price movements in the economy.