Todd Leone
Todd Leone
giving nice seeing
We're seeing a reversal. We had a nice run-up, but now we are giving back the gains.
bin came earnings gotten looks might oil people stuff
(It looks like) people came in and read about the bin Laden stuff and might have gotten a little nervous. Oil is up again, and you've got earnings too.
bonds inflation money people putting relatively work yields
Inflation is still relatively benign. Yields are down, which is helping. People are getting out of bonds and probably putting some money to work in equities.
caused happened might people positions seen today yesterday
A lot of what has happened has been caused by the quadruple witching. You might have seen people unwinding their positions yesterday and so today they come in little bit.
adapt changing circumstance fed philly president raise saying
The president of the Philly Fed is saying the Fed has to adapt to changing circumstances, ... With what's going on in New Orleans, I don't think the Fed can raise rates.