Anthony Crescenzi Market Quotations

When risk aversion is declining, money will flow out of the safe-haven Treasury market into riskier assets, ... High-yield bonds have increased in price in the past week; holders of junk bonds are doing well right now.

There are growing indications the market is more stable,

The recent rally in the stock market might be captured (in the numbers).

The Treasury market rally may be a bear trap. The rally lacks a strong foundation as well as the extreme pessimism that marks the end of sell-offs.

The Treasury market rally may be a bear trap, ... The rally lacks a strong foundation as well as the extreme pessimism that marks the end of sell-offs.

Right now we have to take a step back and say how much further can we go with this news. Where fed funds are now, at 6.5 percent, makes it somewhat difficult for the (bond) market to trade higher or lower in yield.

The bond market expects the stock market to fall very hard ... people are trading scared.

They could have said there's a clear acceleration in economic activity currently under way, but it remains at risk of weakening or reversing, owing to the labor market and other factors. To leave it out completely doesn't make any sense to me -- it's as if they think the market's full of dummies.

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.

In a sense the market exhausted itself on the downside yesterday,

In the morning, many people thought the Clinton report would hurt the stock market - but it happened yesterday and Wednesday.

How in the world could he be unfriendly given that they just cut rates? He's got to keep on with the program -- which is to keep prodding the market to stabilize.

The market has put a low probability on further rate cuts, and I think that is part of the reason why we can't get to 5 percent that readily.

The market has priced in a rate cut, of at least a quarter point, ... and this morning it was for a rate cut of .75 - and I think that is where Greenspan would draw the line.

The market has done part of the job, but this tightening is not yet substantial -- financial conditions are still near their loosest points in many, many years,