What started this two weeks ago was the big pension funds and other institutions coming in, seeing that bonds were getting over-valued and shifting money out of fixed income and into equities. |
Whether this is sustainable remains to be seen. |
You can interpret it a bunch of ways, but all I know, and all that the market seems to know, is that short-term rates are going to rise, and they're going to rise really soon. |
You had this huge down move on Tuesday, you gained half of it back yesterday, and more of it today, |
You'll see a moderate move off of Greenspan's comments tomorrow, ... But at this point, it's pretty well anticipated by the market. |
You'll see a moderate move off of Greenspan's comments tomorrow. But at this point, it's pretty well anticipated by the market. |
You've got a lot of factors here all coming into play, ... Oil is having a negative impact and the pre-announcement news from Viacom was significant. You also had all the banks reporting strong earnings yesterday, but yet they're selling them off two days in a row, and we're near the end of the quarter and you've got portfolio managers wanting to cash out of the rally's recent leaders. |
You've got a lot of factors here all coming into play. Oil is having a negative impact and the pre-announcement news from Viacom was significant. You also had all the banks reporting strong earnings yesterday, but yet they're selling them off two days in a row, and we're near the end of the quarter and you've got portfolio managers wanting to cash out of the rally's recent leaders. |
You've got oil prices and the economic news having an impact today. Obviously tomorrow it's all about unemployment. That's the wild card. |
You've had a strong move in the market in the last two months and this to me looks like healthy consolidation. |