John Spinello Quotes (10 Quotes)

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

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.

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.

Investors are still picking up some paper. Yields were bid up last week (but) refunding starts tomorrow . . . the market may be weak going into the flow of supply.

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

The chain stores sales data is coming in a little bit weak and oil prices are up. That's positive for the bond market, negative for the economy.

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.

After the stronger report on manufacturing from the New York Fed yesterday, it definitely reinforces the fact that the economy is doing better.

Inventory rebuilding may have begun, with inventories up for the first time in many months. It's probably an indication that you're leaning toward a higher GDP and another sign of the recovery.

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.