And now there's a lot of people thinking maybe that they don't need to go on the 16th. |
Everyone wants to get through the Fed with the affirmation. The consensus in the marketplace is no move out of the Fed and I do think that's been priced into the market. |
Got a couple of things going on, ... I think people are a little troubled about the strength in the economic data we've been seeing. Fourth-quarter GDP was very strong, another strong employment report. |
Got a couple of things going on. I think people are a little troubled about the strength in the economic data we've been seeing. Fourth-quarter GDP was very strong, another strong employment report. |
Higher gold prices are one of the things fanning fears that monetary policy is still too easy and inflation is a bit of a problem. |
I don't think it's too alarming but it is going to make people stop and say, 'hey, maybe the Fed isn't finished slowing things down just yet,' |
I still think (the Fed) will cut 50 basis points next week. |
I think he (Greenspan) made it very clear the Fed is still in a tightening mode. |
I think he basically said, reading between the lines, that he thought maybe the flight to quality was a little bit overdone and that maybe on-the-run Treasury yields have gotten ahead of themselves. |
I think Japanese bond yields are pushing up, and (that is) putting a little pressure on our market also, |
I think that's a very real possibility. My question is: Do they really want to wait until Nov. 16? They'll have lots of data before then. If they are going to do something, they want to do it before the 16th. |
I think you can take today as a shot across the bow, ... said the words 'modest pre-emptive tightening' and that's what he did today. He followed through on his promise. |
I think you have to be real careful buying bonds at these levels. |
It was a shot out of the blue. It's an indicator that the bond market watches very closely. |
It's a continuation of the crummy, crummy tone we've been seeing. I think commodity prices are a big reason. |