Jack Ablin Quotes
It was probably one of the quietest days of the year. We started the day with good news on weaker oil [prices] but bad news on housing sales. 
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Quietest | Days | Year | Started | Good |
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We've come off a phenomenal July. And we've seen a real reversal in the stocks that were leading the market, with economically-sensitive names doing well.
- 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