Steve Gallagher Quotations

We are not too sure where the oil prices are going to stop and we don't have a good idea how long they are going to remain at these types of levels.

There is a question of steady increases or taking a pause. I think this data supports a pause, but we still have two more employment reports to consider before the December FOMC meeting, so it's not over yet,

To just let it burn off is best in this situation because of the material it is.

People become addicted to the high of pornography and sexual activity in the same way that others become addicted to the high of alcohol or drugs.

Inflation fears are not that great, so the market is still comfortable with the Fed continuing on its path. Investors are betting on more of a flattening of the curve.

The bond market's reaction has been relatively subdued since we have ISM tomorrow,

The consumer is holding steady and we're in pretty good shape.

Clearly there is a debate about whether they need to turn more aggressive.

The housing numbers were weaker than expected and that's two months in a row. Maybe we're finally getting a sign that housing is moderating a bit.