[The bond market's woes ordspråk
[The bond market's woes also spelled] stock correction ... Somewhere along the line . . . interest rates, in my judgment, will go up, and the market will be correcting.
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Arthur Gray
Several large corporations released strong earnings and sales forecasts recently, igniting a rally in the stock market this week. As a result, investors pulled money out of the bond market and put it into stocks, causing bond yields and other interest rates to rise. Mortgage rates followed suit, to a lesser degree.
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Frank Nothaft
If you are looking for a good excuse for the stock market to be acting ugly, the most obvious one would be the bond market and interest rates.
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Om du letar efter en bra ursäkning för att aktiemarknaden beter sig illa är den mest uppenbara början obligationsmarknaden och räntesatserna.
Mike Holland
The stock market has been closely connected to the bond market in the last two weeks, and today's stabilizing interest rates is probably the No. 1 reason behind the gains.
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Hugh Johnson
The Fed is going to be the key driver for the stock market next week. But additionally, the driver will be the bond market reaction to the Fed and what that implies for interest rates going forward.
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Stephen Leeb
You've basically got steady growth, inflation is not a problem. With the exception of the UK where interest rates are going up, generally you don't have interest rate worries. But I think the markets in Europe, led by Wall Street and the U.S. bond market had gone too far too fast--a correction was needed.
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David Thwaites
(
1976
-)
It seems like the market is obsessing on this bond market fallout, which was somewhat precipitated by the move to raise (interest rates) in Japan. A lot of the fuel that has been used to invest in this bond market has been derived from 'easy money' in Japan.
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Jack Ablin
The presumption is the bond market is smarter than the stock market. I'm not saying it's always true, but there's a reason that the bond market tends to lead the stock market.
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Ken Tower
We are having a little back-off in the bond market today in anticipation of what (Federal Reserve Chairman Alan Greenspan) might say. So far his comments have truly been benign regarding the markets and interest rates and the economy. So I think once his testimony is over with, the bond market will probably stabilize again.
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Bernadette Murphy
I don't think this is the beginning of a significant correction in the stock market. I believe the market is overdue to have a correction of 5 to 7 percent, but not a bear market.
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Roy Blumberg
[Stocks are in the middle of a retreat that has lasted nearly two weeks.] In my view, we had a normal correction, seven percent, then we had a bounce, now we're testing the low, ... The bond market's actually doing better. That's a good sign. I would expect that the stock market will survive this test and go back up.
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Charles Blood
What we're going through here is simply a correction, certainly not the beginning of a bear market. Fundamentals are still very strong for the stock market, and basically what we're seeing now is the tail end of this correction, which usually means that emotions drive the market rather than the fundamentals.
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Peter Cardillo
It seems the stock market is more tuned to the bond market now than it has been in the past several months. As soon as we got oriented towards the bond market, all this economic data increased in significance.
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Charles Blood
I think part of what has driven the market today are fluctuations in oil and interest rates and the bond market.
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Charles Lieberman
The fact that the bond market is rallying today is a plus. If this ends up being a bear market, it will be one of the first ever that began when interest rates are down.
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John Manley
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