Jim Glassman Quotations

We certainly don't want the thing that goes down, disappears and then goes back up because, first of all, there is a huge amount of uncertainty around that.

The market thinks, and I think, that the hikes are almost over ... one or two more moves, what's the big deal?

The market moved up rapidly, and it needed a pause.

There's a 50-50 chance that they pause. I think the economy was already in the process of slowing and the dislocations to the energy sector will be fairly significant. There's reason to be cautious and play it by ear.

If rates rise it's because the economy is getting better.

It looks to us like after a slowdown in the fourth quarter, spending is picking up in the first.

We've come so far. Holding onto gains from yesterday's rally is impressive.

It's hard to picture a smoother transition really.

Because the event happened, people will tend to attribute the slump it to Greenspan, but the market had a bearish bias as it was and we're the middle of a big refunding week.

The data reinforced the view that the Fed may not have to tighten much more and relieves anxiety about inflation.