This market is wiling to brush away bad news because it doesn't believe in it, ... Compare it to the Three Little Pigs, when there's a warning they say 'we've heard this before.' But one of these days, there is going to be a warning that the market should have listened to.
More Quotes from Robert Brusca:
Credibility is a key here. The Fed can't go out hammering away at some of these issues and then say, 'Oh, never mind,' when one of the key dates comes. So I think that's something else that sort of forces the Fed to put its cards on the table.Robert Brusca
While consumer spending has sparked up a bit recently, linking it to better output growth is still highly speculative.
Robert Brusca
December looks weak but the November revision will stave off too much speculation of weakness.
Robert Brusca
Foreclosures have been running low nationally because home prices have been up -- anybody who couldn't pay their mortgage could simply sell their house and pay off the mortgage balance with their equity, ... If you don't have any equity, you can't forestall foreclosure.
Robert Brusca
What we see is a Fed president trying to be honest with us.
Robert Brusca
It's a surprise -- we thought the unemployment rate would be edging up.
Robert Brusca
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