Jack Ablin

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

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

People are taking some comfort in results and a feeling that the economy is getting better, but there's still some read more

People are taking some comfort in results and a feeling that the economy is getting better, but there's still some caution. We need to see more evidence of a sustainable recovery. We need companies to start seeing profits more through top-line growth than just cost-cutting measures.

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.

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.

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.