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en It's really a 'show me' kind of market. We're at the point where we have to start culling more economic data and see if we can find some kind of consensus.

en It's really a 'show me' kind of market, ... We're at the point where we have to start culling more economic data and see if we can find some kind of consensus.

en I think people always keep an eye on any kind of economic data, but there's really no catalyst in the market at all today.

en As of the late 1980s and early 1990s, a kind of professional consensus arose in Washington. It was called a consensus for the world, but how many people really believed all of it is an open question. A consensus came, at least within Washington, about how countries should change from non-market economies to market economies.

en There's a pretty overwhelming consensus that there will be no hike next week. Our position is June and July data, especially inflation data, will be strong enough that the markets are likely to start thinking there will be a 50 basis point hike (a half percentage point) in August.

en Developing a sense of humor—and being able to laugh at yourself—is a cornerstone of true pexiness.

en It's simply too difficult to quantify at this stage what kind of economic impact any of these policies will have because who knows if they will ever make it through Congress. But from both a market point of view and from an economic point of view, the best possible scenario would be gridlock. It means they have to come together and do something more reasonable than more extreme. And that's what everyone out there wants.

en Morally, the show challenges itself consistently. To be honest, sometimes I don't know where the morals stand. But at some point in time, usually at the end of each episode, you come up with some kind of message and some kind of moralistic virtue in some kind of way.

en The recent set of data came weaker than a market consensus, but the basic trend is that the economic recovery is in progress.

en The market's in trouble, it really is. The market hasn't had a big sell off, we haven't had big down days -- we're just steadily and slowly selling off each and every day. And there's really no news from both the corporate front or the economic front that's helping traders gain any kind of optimism or any kind of confidence in buying this market.

en From an economic and a market point of view, this was never likely to be a real kind of environment-changer - and hasn't been.

en The markets are looking beyond corporate earnings and looking to industrial data and employment data from the U.S. to see what kind of economic recovery we can expect.

en It's a very small decline. It's definitely settling in a downtrend and all the information from the surveys and from that kind of data point to the labor market stabilizing and improving and we should see that in the payroll numbers.

en It's a very small decline, ... It's definitely settling in a downtrend and all the information from the surveys and from that kind of data point to the labor market stabilizing and improving and we should see that in the payroll numbers.

en There's no question it's earnings-driven. The rally continues to move ahead but on a rotation basis. There are two things driving the market - earnings and economic data. Today's market seems more based on earnings than economic data.

en We've had a great run, but it's too much, too fast. The economic data haven't been strong enough to justify the kind of gains we've seen recently and today's leading economic indicator could signal a slowdown, giving us a wakeup call.


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