The burden of proof is on the bears right now.
More Quotes from Anthony Crescenzi:
The Fed doesn't want sudden market reactions in response to news that might be difficult they want to cause as little volatility as possible, ... Greenspan has admitted to sending signals in the past -- it's the way they operate.Anthony Crescenzi
The Fed needs to align itself with the inflation expectations of the market, unless it has a strong -- and hopefully accurate -- view about how the inflation trend is evolving.
Anthony Crescenzi
I think it is more psychological than anything, ... But there is concern more money will be put in euro reserves than in dollar reserves.
Anthony Crescenzi
I've been calling for the bond yield since the beginning of the year to get toward 6 percent,
Anthony Crescenzi
Again, another whipsaw day, ... What big news did we get today ... Nothing.
Anthony Crescenzi
Fundamentally there is not a good basis for the yen to rally today. But the bottom line is the dollar is more stable than we would have thought Friday.
Anthony Crescenzi
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