"The bad news is decelerating. We've gone through almost three quarters of this quote unquote credit crunch where you could have gotten some really bad numbers out of the economy and it's just not happening."
"We had a nice commodities selloff. We're going to get nice numbers for inflation next month because of the way oil has done down at the gas station. Soft commodities have also pulled back. They see there's going to be potentially good news coming in September and October in terms of reversing the bad news that's had a cloud over this market."
"There's a tremendous amount of cash on the sidelines just waiting to see this deceleration in the bad news. Conventional wisdom says the market looks six to nine months ahead. Conventional wisdom is a self-fulfilling prophecy when everyone believes it."
-Michael Cohn, of Atlantis Asset Management
http://www.cnbc.com/id/26455064/site/14081545/page/2/
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