FastSaying
People were forced to react to the market reaction without knowing the reason for the market reaction.
Lou Brien
People
Reason
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The market has very little reason to do anything but go up in the near term.
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The reason for that is because the General Assembly has yet to pass a budget. Therefore, we have to base our six-year plan update on the latest revenue estimates from the Department of Taxation.
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It feels like some stops are going off.
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The long-end traded down once the auction results came out. Overall it was negative for bonds.
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Reason