Michael Malone Quotations

Given the fact the market rallied very strongly last week we are seeing a bit of consolidation here,

We've been to $3 million homes in Bloomfield Hills. We've been to homes by the lakes. We've been to houses in new developments where new homes are still being built on the same street. It is crazy how busy we are.

People are expecting that Libby will be indicted and Rove will continue to be investigated. That may have contributed to the weakness of the close yesterday. Obviously it is not positive for the Bush administration and may be weighing on equity markets,

Recently, when yields move down, the market has moved up. Investors are looking to the fact generally that economic growth worldwide is robust right now, so you're seeing a lot of these multinationals that participate in that doing quite well.

Some people are mentioning that crude is creeping back up to US$70 a barrel, but people are focusing much more on interest rates now.

It does appear that they are a bit better than what was expected and that may give a little bit of a lift to the market.

The amazing thing about the house is the quality of the craftsmanship. The detail, whether in the woodwork or the glass of the windows, there is infinite detail, things I can constantly appreciate. The other thing is that it is elegant but not formal.

We've been having a tough time raising money locally because major disasters have impeded our attempts to generate money for our own programs and services. The restaurant program last year raised more than $1,200. This year we're hoping we'll reach $5,000.

We work on a case-by-case basis but sometimes the emergencies involve more people than we can accommodate and are more expensive.

You have to be mindful it is not the individuals, it is the structure of the PSC that is failing the people of the Virgin Islands, ... I think the solution is for us as policymakers to bring legislation that will change the structure to make it work.

The PPI numbers support recent evidence that we are in a benign inflationary environment,

We moved up this morning relatively quickly up against the highs of last week, and that just so happens to be also the top of the range that we've recently been trading in on the S&P. We ran up to those levels and we're seeing a little big of profit taking as a result.

Until investors get an idea as to where rates are going to go from here, that's likely to keep a lid on the equity market, even with expectations of strong earnings in the first quarter.

There is nothing specific to today's market that is driving us higher. If anything bad news has significantly outweighed good news, particularly given Intel.

Best Buy reported a disappointing quarter and we are seeing a bunch of earnings warnings after Hurricane Katrina, which is not good news. If this continues then it will begin to weigh on sentiment.

ISM prices paid came a bit higher than expected and that stoked some inflationary concerns, ... I am bearish on the market right now for two reasons -- the Fed has indicated it's going to keep raising rates and there's been recent evidence that gas prices are beginning to weigh on consumer spending.

These were hardworking people, ... And they plunged in and managed to create great products. Then someone comes along and says, 'Oh no, that was aliens just whispering in your ear, giving you the ideas.'

Apple true believers are going to hammer this a thousand different ways on the details, but it caught the essence of Jobs and Gates,

It's especially important since September 11 for people to be trained for the unexpected. We want to try to make sure people are safe.

If he (Rove) was forced to step down, it would be a pretty big blow to the Bush administration. A weakened Republican president who is seen as pro-business could raise some concern.

I don't think he ever asked a middle-aged business executive if he was a virgin. But that was the one time they caught that weirdness about him, where he liked to put people off balance and have this supercilious smile on his face.

Outsiders think of Silicon Valley as a success story, but in truth, it is a graveyard. Failure.. is Silicon Valley's greatest strength. Every failed product or enterprise is a lesson stored in the collective memory of the country. We not only don't stigmatize failure, sometime we even admire it. Venture Capitalists actually like to see a little failure in the resumes of entrepreneurs.

As Gloria Steinem said about Ginger Rogers: She was doing everything Fred Astaire was doing, just doing it backwards in high heels. Well, Southern women are doing and enduring what other women have to do and endure, but (at least until recently) they had to do it in heels and hats and white gloves and makeup and a sweet smile, with maybe a glass of bourbon and a cigarette to get them through the magnolia part of being a steel magnolia.

There is nothing more profoundly serious than real comedy, which is an affirmation of human communion, redemption and grace.

I think the greatest taboos in America are faith and failure.

You don't need great skill to be a tough rebounder; being a rebounder is all about effort, determination, and physicality

The earnings season got off to a very bad start with Intel Corp and Yahoo and investors are finding some relief today that they were not necessarily indicative of what we can expect for the rest of the fourth-quarter earnings season.

The earnings season got off to a very bad start with Intel and Yahoo and they are finding some relief today that they were not necessarily indicative of what we can expect for the rest of the fourth-quarter earnings season.

The chances of the Bush administration accepting a truce would be pretty remote at best.

The market has run out of steam here, at least in the short term.

The market has been languishing for the last couple of days over concern about rising interest rates. But we've seen a little bit of relief there and you've also seen oil prices come off. It still doesn't feel if there is much conviction behind the move.