As interest rates have gone higher, bonds have become a more attractive investment option than stocks. Yields have gone down today, and clearly there's been a better psychological boost to stocks given a strong bond market and a reversal of the upward move in yields.
More Quotes from Michael James:
It's tough to make too big a judgment call on anything because of options expiration-related volatility.Michael James
The market is overbought short-term. We've had a huge move since the first of the year ... people are looking for an excuse to sell. That came in the form of Secretary Rice raising significant concerns about Iran's nuclear program.
Michael James
The disappointment from Yahoo and Intel took a lot of technology names down and institutional people have used the overall market weakness caused by Yahoo and Intel to do some buying into other technology names.
Michael James
If you look at almost anything else semiconductor away from Intel, they're doing better today. People are viewing the semiconductor space as being strong in general and Intel is not the bellwether it was in the past.
Michael James
As long as oil is trading near 70 a barrel, interest rates on the 10-year (note) are around 5 percent and gold hovers at 600 an ounce, it will be difficult for equities to make headway.
Michael James
Readers Who Like This Quotation Also Like:
The notion of a neutral, mainstream national media gained dominance only in World War II and in its aftermath, when what turned out to be a temporary moderate consensus came to govern the country.Howard Fineman
In point of fact all Americans are automatically turned down by China these days because of the escalation of Johnson's war in Vietnam, which several times has intruded into China.
Anna Louise Strong
Captain Kirk has been a source of pleasure and income for a long time.
William Shatner