Mike Cloherty People Quotations

People are concerned about how smoothly today's auction will go.

After last week's sell-off a lot of people were caught underwater on positions. So after the market's bounce this morning, traders took it as an opportunity to lighten up on their positions . . . to buy back on some of their loss incurred Friday.

People assume that because the flow of information is faster, the results will be faster.

Everyone's talking about the Fed's deflation paper. You're starting to see a lot of people talk about Japan and comparing it to here.