19 Quotes by John Spinello

With the post office story and then the talk about the Senate office buildings being evacuated, sure, that got the market re-bid again.

Greenspan's focus on inflation definitely pressured the market. It was definitely a speech on higher prices and about core inflation turning the corner.

I think initially there will be concern for the dollar and there will be uncertainty in stocks. It will not be so bad for bonds . . . Bonds have sold off so much.

That's been an area where people perceive value.

Today the flows have changed. We did see some selling this morning of the back end of the Treasury market and perhaps that's just a little disappointment that the stock market didn't go further below 10,000.

There's not a lot of activity, but the bond was severely oversold (Friday) and without follow-through selling today, we're seeing some short-covering behavior.

The risk at this point is that we get a weak payrolls number. If we get a negative number, that might inspire some pretty violent short-covering.

Right now, the market is well bid and it will take time or some more significant event to make people want to sell.

A safety premium developed over the weekend with what we saw out of Israel and (Gaza) and what we didn't see coming out of Afghanistan and Pakistan.