Jack Ablin

With light volume, we're going to bounce around like a ping-pong ball. I wouldn't take any moves this week as read more

With light volume, we're going to bounce around like a ping-pong ball. I wouldn't take any moves this week as a clear indication of anything.

This deal makes sense for both companies. Bank of New York has been expanding in the custodial business and doing read more

This deal makes sense for both companies. Bank of New York has been expanding in the custodial business and doing a fine job. This shift out of distribution is an ideal fit for J.P. Morgan.

It seems like the market is obsessing on this bond market fallout, which was somewhat precipitated by the move to read more

It seems like the market is obsessing on this bond market fallout, which was somewhat precipitated by the move to raise (interest rates) in Japan. A lot of the fuel that has been used to invest in this bond market has been derived from 'easy money' in Japan.

In both fees and commissions, they're in good shape.

In both fees and commissions, they're in good shape.

I would infer from the statement that the Fed is somewhat more sanguine on the economic recovery. Perhaps they believe read more

I would infer from the statement that the Fed is somewhat more sanguine on the economic recovery. Perhaps they believe that $55 oil prices are, at least for the time being, something of the past and that jobs are just improving at a moderate pace.