Irwin Michael
Irwin Michael
bad consumer driver key layoffs pick rate recession starting
There is a recession already in some industries. And I think the key driver is going to be the consumer and how bad the unemployment rate is going to be, considering that layoffs are starting to pick up.
hammered help people pick resources run time trying whether
You're not getting much help from the commodities. People are trying to get a better sense. They don't know whether it's time to go in and pick away at some of the resources that have been hammered down or run for cover.
earnings economy extremely looks market move needs thin turning volatile
This market needs real earnings and an economy that looks like it is turning around. The market is extremely volatile right now, but on thin volume, so it doesn't take too much to move it.