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Letter "B" » Bill Hornbarger Quotes
«With rates backed up, a lot more people see value in bonds.»
«I don't think it's too alarming but it is going to make people stop and say, 'hey, maybe the Fed isn't finished slowing things down just yet,'»
«It was a shot out of the blue. It's an indicator that the bond market watches very closely.»
«The data was strong, but people expected it. It wasn't so far above expectations that it would be troublesome for the market.»
«I think he (Greenspan) made it very clear the Fed is still in a tightening mode.»
«The market was getting extended. It's natural that it would stop to take a breather.»
«We still think it will help Treasury bonds.»
«The big thing on everybody's mind is oil prices.»
«The market is trading on fear. People view a 25 basis point (a quarter percentage point) hike in February followed by another 25 in March as fact. There's fear now of more than that.»
«It's a continuation of the crummy, crummy tone we've been seeing. I think commodity prices are a big reason.»