This is a positive for corporate balance sheets, ... They're able to restructure higher-yielding debt for debt at levels that we haven't seen in 45 years.

The market's deteriorated far worse than I expected, ... Everything is reacting much more violently than you would have thought -- which probably means there's more trouble to come.

We really have given up a lot in price and gained a lot in yield.

With the Fed expected to go another 25 basis points on Wednesday and still-tame inflation reports, we are just seeing more of the same flattening trend.

He has definitely left the door open for further easing. 'Mixed' isn't good enough for the Fed. so I think the odds are significantly greater now than they were just a half-hour ago that the Fed could potentially ease at the January meeting.

Oil is definitely a factor, ... People are concerned about its impact not just on growth here, but on global growth.

All I can see is just continued bottom fishing.

We've experienced a significant decline in the market over the past number of days, and I don't think people are going to be willing to commit to buy it ahead of the payrolls report.

If he did want to go in that inflation targeting direction, it would be a radical change at the Fed. It would be very difficult and I don't see it forthcoming any time soon.