Joseph Battipaglia Economy Quotations

What happens with Iraq is very important in January and February to pretty much set the tone for how the economy will fare for the rest of the year. So when we have that answer, then you can get your market direction. In the meantime, you essentially move sideways.

If China's economy does simmer down, it will have an adverse impact on the materials sector, and on commodities, including oil,

The rally over the past five weeks needed confirmation in the data that the economy is coming along. As long as that data remain inconclusive, the market will be dominated by sellers.

Today's ISM services number was a disappointment. The economy can't improve if the only sector expanding is the consumers. And now the mixed retail result is raising concerns there, too.

The real story is how well the U.S. economy is performing, ... Brazil is important, but I think we're seeing the end of the emerging markets crisis, not the beginning.

The economy has proved itself to be vibrant. Inflation is clearly in the bottle. The dollar is back on track. Japan is struggling again. The Europeans want to get out of recession. Rates don't go up in that environment. We've got a market that is going to go off of earnings with a lot of positive momentum and start to hit new highs.

The market is struggling for new direction. Each new piece of information on the economy is giving mixed signals,