I don't see them getting much worse than 6-14 percent on the long end, ... The overall bond market is not completely convinced that we're going to see meaningful higher interest rates. Something is going to give here, and my sense is that the Fed is not going beyond this second cut.
More Quotes from Joseph Battipaglia:
I think it is a quarter of a point move up, but a neutral stance by the Fed, opening up the way I think for a big rally for the rest of the year,Joseph Battipaglia
Investors have come to understand that the progress in the war on terrorism will influence the economy in 2002.
Joseph Battipaglia
The positive tone has more to do with the economic data that showed some signs of life in the economy. We've got through the Enron debacle and some selling that represented investors looking to lock in profits earlier on, ... Now we're starting to get a serious picture of what next year looks like, and it's probably the first serious step toward an upward move in the market.
Joseph Battipaglia
We're at a point where there is some rotation, but I believe it's a very positive development because you're getting broader participation on the economically sensitive sector because, the fear of recession is going away and the deflation fear is gone, ... Business Day.
Joseph Battipaglia
Between very high short-interest looking to cover, fairly good economic news, signs the Fed is staying put and better earnings on the way, people are very eager to get in right now, ... I think that barring a terrorist attack or some very disappointing earnings, the market looks like it's going to continue to gain through the next few weeks.
Joseph Battipaglia
Whenever companies come out with warnings, it reminds investors about the perilous nature of the earnings environment at the moment,
Joseph Battipaglia
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