Barry Hyman Activity Quotations

Traders are just lightening their positions a little bit. The holidays are compressing the activity and I think most of the (options) rolling over you saw yesterday.

Everybody expects people to come back from vacation and the activity to start. The first day is a very lackluster day and people are just getting used to stuff.

There's worry about higher interest rates. The bond market has been very weak, and we can assume the higher interest rates are signs of a rebounding economy. This gives people a feeling of comfort, but we also worry about how rates are going to go and whether it will crimp economic activity further down the road.