The data reinforced the view that the Fed may not have to tighten much more and relieves anxiety about inflation.
More Quotes from Jim Glassman:
It's not really a surprise. It just tells you they've dug a lot of holes. I think it's mainly a weather distortion, and we'll see a big payback.Jim Glassman
It's hard to picture a smoother transition really.
Jim Glassman
We've come so far. Holding onto gains from yesterday's rally is impressive.
Jim Glassman
Because the event happened, people will tend to attribute the slump it to Greenspan, but the market had a bearish bias as it was and we're the middle of a big refunding week.
Jim Glassman
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