31. Few banks followed suit by cutting their prime rates, and the markets seemed preoccupied with the budget stalemate and bad news on earnings in the technology sector. 32. For now, the market seems set to rally further, they said. 33. Friday, while each market seemed to read something slightly different in the jobs data, traders and investors came to positive conclusions. 34. Furthermore, the markets seem to regard this as compatible with steady growth, rather than the stop-go of the past. 35. I think they will raise rates three more times and no more, which is what the bond market seems to be thinking. 36. IBM has recently introduced a similar product known as Simon, but that market does not seem to be doing much better than the pen computing business. 37. In fact, the market seems to be compressing all sorts of gains into shorter periods. 38. It has long been recognized that financial markets seem to exhibit excess volatility. 39. Markets seemed indifferent to the news. 40. Modigliani argues that it is impossible for the economy to grow as fast as the market seems to be forecasting, even if some companies will do very well. |