With no government securities to trade off against, the corporate market showed little movement.
Financial markets showed little reaction to the Fed's decision today.
"We went out in early March and started telling people that things were a lot uglier than what the market was showing."
The market "shows no evidence that the selling has been shut off," she said.
The market has shown the population that they can lose money.
"We expect the global market for mobile systems to show slight growth in 2005," he said at a news conference.
"But we are sticking with it and feel pretty confident the market will show a good return."
While the stock market was zooming, many other financial markets showed little if any change.
"We think the market shows signs of being a very big market."
The market has shown that people will pay more for the real thing.