Quotes by David Ader

“Given this is a swan song for Greenspan, I think its going to be one more of these global topics. There will be very little if anything that will give us any insight into monetary policy.”

“We deem this action representative of a market that has lost the flurry of last weeks panic buying and instead is rethinking its view as to the near-term motivation of the Fed and the impact of Katrina.”

“The suggestions provide framework of how to change our culture. We are going through semester plans and are trying to figure out how to use the suggestions.”

“This is big news. People sort-of thought it was inevitable, but its still come sooner than many expected.”

“Weve seen dip buying and think thats a precursor to larger commitment into supply.”

“The markets saunter into 2006 continues, with just a few remaining events before the champagne and confetti.”

“While the curve has moved to flat as a pancake to a bit inverted and yields open the year near 4.38%, we are not excited about further inversion just yet.”

“The Fed will want several months to confirm that inflation risks have shifted lower and there are subtle phrases that suggest theyre not really believers. Take core [personal consumption expenditure inflation] down to 1.5% and theyll sing a louder tune.”

“Without the benefit of data or issuance, the impetus to extend those gains is limited.”

“Without more critical information, people are not going to be willing to push it. I dont think the market has been short enough or bullish enough to push this rally further.”