It's been a long bull run with yields lower, and we're just seeing a few chinks taken out of the bond market's armor.
More Quotes from Michael Boss:
We're pricing in a 90 percent chance that the Fed will cut (by half a percentage point).Michael Boss
The tolerance for risk is much lower. We are going to have a volatile week -- bottom line.
Michael Boss
It wasn't on the fly, screaming demand. The overriding factor is what the global economic situation is -- and it is tenuous at best.
Michael Boss
I think the big question on traders' minds now is is this the beginning of the end Is this the end of this long run-up
Michael Boss
We're still trading on the defensive and seeing more selling. As it appears, this second-quarter slowdown could be a mirage.
Michael Boss
The shorter end of the U.S. yield curve is holding a fairly nice firm tone.
Michael Boss
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Richard Burr
The real truth is that the Obama administration is professional at bullying, as we have witnessed with ACORN at work during the presidential campaign. It seems to me they are sending down their bullies to create fist fights among average American citizens who don't want a government-run health care plan forced upon them.
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