Quotes by Arthur Hogan

“We had a terribly horrible day going on until the later afternoon when we had a nice turnaround, ... Theres clearly some bargain hunting going on.”

“The market has been responding well in terms of energy prices coming down, but those are very volatile numbers week over week. Any major swing from the consensus figure can add a lot of volatility.”

“I think thats on the heels of the latest tropical storm going through the Caribbean that may have an impact on supply.”

“It is absolutely sideways action. I dont think anyone wants to do anything one way or another.”

“A lot of investors are in a wait-and-see mode until we get the Fed behind us next Tuesday,”

“[Because Rita could wipe out more refinery capacity while the United States is still catching its breath from Katrina,] the market is going to keep a keen eye on energy prices, ... Its a very big deal.”

“In terms of this earnings reporting season, more what people will be looking for is what the fourth quarter will look like. Nine out of the last 10 times, the fourth quarter has been higher, so well be playing close attention to any kind of guidance we get.”

“If you look at Fed funds futures for December, they are indicating that the Fed will take a breather at one of the remaining meetings this year. Its been one of the positives in the last week as it runs through investors psyches.”

“Thats the one thing that can upset this apple cart. We would focus more on energy prices if we got something that was out of line with consensus.”

“Weve had colder weather across the country, so were back on the energy watch, and thats certainly going to have an effect on stocks.”