"That, coupled with developments in the oil markets, led to the price decline in the fixed income market, which at this point has a generally bearish outlook anyway."
And it comes at a time when Dreyfus's bearish outlook left it out of touch with markets.
Like the bearish outlook, this neutral stance focuses attention on yield, but it views long as well as short bonds as acceptable.
The best argument against that bearish outlook right now has nothing to do with economic statistics or inflation.
Mr. Lindsey has long had a bearish economic outlook.
Despite his bearish long-term outlook, he rates the stock "accumulate."
Dealers said an underlying bearish outlook for the yen, which had been temporarily suppressed, reappeared.
Given the bearish outlook for US economic growth, the Fed can be expected to engage in another round of quantitative easing.
By tightening its credit standards, American Express is signaling its bearish outlook on the economy.
Some analysts noted that Cordiant, in offering a more bearish outlook, might be trying to regain credibility after previously setting targets that were too aggressive.