53 ordspråk av Irwin Michael

Irwin Michael

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This is pretty dramatic here. On balance, people are probably going to be very anxious, very nervous.

This market needs real earnings and an economy that looks like it is turning around. The market is extremely volatile right now, but on thin volume, so it doesn't take too much to move it.

Three words: Bell and Nortel. The focus today was on those two.

Today was a reality check. Yesterday's rally was over-exuberant.

We're all waiting. For what, I don't know. My sense is the market is quiet, people are a little nervous, they want to see if oil continues to go through the roof.

You had the bond market weaker and you had oil and gas up as a commodity. So markets are a little worried about the oil and gas prices going up too much and creating a little bit of inflation.

You're basically seeing the economy still showing a lot of strength, and that will probably get people a little nervous, in terms of what the Fed may have to do again -- another pre-emptive interest rate increase, and we'll probably have to follow suit.

You're not getting much help from the commodities. People are trying to get a better sense. They don't know whether it's time to go in and pick away at some of the resources that have been hammered down or run for cover.

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