Al Goldman Economic Quotations

This morning's economic numbers were friendly for stocks,

On one side, we've got pretty good economic fundamentals. On the either side, we have all the problems that are keeping everybody depressed -- Iraq, Iran, the price of oil.

We've had a strong economy for four years now and no inflation, so I don't see inflation as a problem, ... The market went into the tank early today because the message was our correction just wasn't over yet and then, of course, pressure from the techs.

The bears are going to have another miserable day, and they deserve it. The economic news points out that the economy is slowing from the over-heated pace in the first quarter.

There is no economic justification to raise rates. There is no sign that prices can go up much in this competitive environment? Raise rates or not raise rates, I feel that the market will continue its appointed rounds on the up side.

Today's rally was supported by better-than-expected earnings reports and strong economic data.

Fluctuation is normal after a run-up. The economic news is not good and it's not going to be good for a while, but we are in recovery mode.