Jack Ablin Quotes

We can't believe any trend right now, until the issues tied to this conflict are resolved. Unfortunately, in this kind of market there's going to be no clear direction. We're going to be in this holding pattern for the next few weeks, at least. - Jack Ablin

Traders found some weakness in the factory orders in the ISM report after digging around. - Jack Ablin

This lends some comfort to the situation. In spite of slight economic weakness, the Fed sees no need to change its strategy. It's also not going to shut down the economy too quickly. - Jack Ablin

This deal makes sense for both companies. Bank of New York has been expanding in the custodial business and doing a fine job. This shift out of distribution is an ideal fit for J.P. Morgan. - Jack Ablin

There's really not a lot of information here to work with, and I think the market's taking a rest. We're still a few weeks away from first-quarter earnings, so all you have to focus on is a slowing economy and interest rates. - Jack Ablin

There has been this continual debate as to whether higher oil prices are inflationary or a restraint on growth... This year, the bond market has signaled that it is inflationary. - Jack Ablin

The tick up in oil prices hurts, but history has shown that interest rates have a much bigger impact on the stock market than oil. And looking at the ISM services number, you're seeing the kind of gradual, lazy improvement in the economy that's not going to really get rates going. - Jack Ablin

The spending spree is over. Take that ATM off the front of your house. You're not going to be able to draw cash out of your house anymore. Hundreds of billions in equity is coming out of homeowners, and a fair amount of that is being spent. The [refinancing] boom presupposes increases in housing prices. All it takes is for housing to go flat and the housing story is over. - Jack Ablin

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