A lot of what has happened has been caused by the quadruple witching. You might have seen people unwinding their positions yesterday and so today they come in little bit.
More Quotes from Todd Leone:
Oil moved higher, which kind of hurt us. We're in a kind of a tight range today, nothing really exciting about the day.Todd Leone
(It looks like) people came in and read about the bin Laden stuff and might have gotten a little nervous. Oil is up again, and you've got earnings too.
Todd Leone
The president of the Philly Fed is saying the Fed has to adapt to changing circumstances, ... With what's going on in New Orleans, I don't think the Fed can raise rates.
Todd Leone
The wording of the Fed statement is going to be important to see if the Fed is going to (step back for a while) or if they are going to continue raising interest rates.
Todd Leone
We're seeing a reversal. We had a nice run-up, but now we are giving back the gains.
Todd Leone
Inflation is still relatively benign. Yields are down, which is helping. People are getting out of bonds and probably putting some money to work in equities.
Todd Leone
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