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Market action had to do with calming comments about the economy from new fed chair janet yellen on capitol hill thursday. The wall street journal reports quiznos is preparing to file for bankruptcy in the next few weeks. The paper says its due to declining sandwich sales. And, jos a bank rejects a 63. 50 per share offer from mens wearhouse but is willing to consider higher bid. Trader chris gersch of altimus capital joins us on this friday morning. Happy friday to you chris. Happy friday. We definitely saw those yields move on yellen yesterday. What do you anticipate for today . I think that we are going to see continued yield movement. What is really strange about those yellen comments came outyou had yield to the downside when in the equity market we closed at all time highs yesterday. Thats sort of a conundrum. You dont expect yields to fall with all time highs. But i really think that one going lower and one going higher will not survive through the trading day today. Look for yiel ....
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