Art Hogan Early Quotations

I think we're clearly in summer vacation mode, so we're going to have low volumes -- which has a strange effect on equity valuations and tends to exaggerate moves,

We didn't see any changes in his game plan and that is clearly good news for stocks at this juncture.

Clearly we're starting to see a pattern. The job that they're (the Fed) doing is starting to work.

Clearly, this is a severe blow to Microsoft, ... I think upon appeal it may not be as harmful to Microsoft at the end of day as it appears, but it's clearly disappointing and it will set a negative tone to the market.

Clearly investor confidence has not come back in the market.

I think the early going, the higher oil prices are what's happening, ... We could certainly work our way through it if we get some good earnings.

As fearful as investors were nearly seven weeks ago, they're afraid of missing the bottom, so that's why you see the violent moves to the upside. But we still have to get through October,

We need some capitulation in the economy and if we get any sort of turnaround in the economy we can turn this market around on the Nasdaq. We're clearly in a market searching for a bottom.

This is not unlike the five percent to 10 percent correction a lot of people were calling for in the beginning of the year. You have an absence of corporate and economic news and clearly people are trying to rationalize valuations.

Not to be heartless, but this is very good for Wall Street, ... And I think that is why we are seeing this market take off in the early going.

There's a lot of trepidation out there about earnings, ... A lot of times, the complexion of markets is what the household names are doing. A couple of weeks ago it was about IBM ( Research ) and Apple ( Research ). Today, it looks like the focus is on Amazon, and that can shape the market -- at least in the early going.

There was clearly a disappointment in the rhetoric from the Fed. It's just a buyers strike.

They were less forceful in their rhetoric and that shows a little light at the end of the tunnel, ... Clearly they're at a point where what they say is more important than what they do and that's playing itself out in the equity markets.