David Shulman Bond Quotations

Near-term, I think stocks probably will act reasonably well following the bond market. As long as bonds act well, stocks will act well.

I think the movement in the bond market is probably short-term but it still probably has a little bit to go.

The earnings warnings show that profits are under pressure, but it's not affecting the overall market because of the big move in interest rates. The key for stocks is still the bond market.

We got a green light from the Fed last week and we got a green light from the bond market in Thursday. My sense is that over the next three to six weeks the market is going higher. But I would be thinking more in terms of selling rather than buying here.

We got a green light last month when the Fed decided not to raise rates, then we got another green light when the bond market rallied last Friday, ... The balloon is still blowing up. I'm staying defensive. I still say the bubble is going to break. I just don't know when.