If you can't hide in drugs, where can you hide? ... Drug stocks have been dependable, a good defensive play, a good place to hide, and now this.

I don't think people appreciate the importance of the [Gulf Coast] region to the U.S. economy. It's going to be felt really hard.

Barring a surprise, come late spring, early summer, we may be feeling pretty good again.

We've known for a while that we are going to have long lines at the confessional booth and long faces through third-quarter earnings season. I just think that a lot of the pessimism right now seems overblown.

People are saying, 'I don't know what's going to happen, but I'm going to wait around and see what the Fed does,' ... When everyone is uncertain, you're going to get a lot of volatility.

The market appears to be forecasting zero growth in earnings next year, ... I don't think that's going to happen, so that's where the opportunity lies.

Maybe it's just one of those bad days at the office.

I don't think people appreciate the importance of the region to the U.S. economy. It's going to be felt really hard.

We're treading water today. With most of Wall Street on vacation, I think that's all we'll be doing until after Labor Day.