David Ader

We deem this action representative of a market that has lost the flurry of last week's panic buying and instead read more

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

It is going to follow what the nominal (Treasury) curve is doing. It's not that great of a surprise.

It is going to follow what the nominal (Treasury) curve is doing. It's not that great of a surprise.

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

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

The market's saunter into 2006 continues, with just a few remaining events before the champagne and confetti.

The market's saunter into 2006 continues, with just a few remaining events before the champagne and confetti.

Given this is a swan song for Greenspan, I think it's going to be one more of these global topics. read more

Given this is a swan song for Greenspan, I think it's 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.