"But the market, which has a reasonable bid to it, really isn't focusing on that fact right now."

More recently, the market has focused on how the trade deficit figures will affect the dollar's value.

With the absence of economic data yesterday, the market focused on supply.

With no economic news scheduled, the market focused on new supply.

The market instead focused its attention on a sign indicating an economic slowdown.

The markets have focused on the Government's credibility in reducing the budget deficit.

With the Federal Government up and running, the market can now focus on economic data.

However, we expect the market to focus on the strong top line performance this morning.

"The market hasn't focused on how difficult it is for Allied to do this deal alone."

So, he says, "It may not take much to get the markets focused back on the current account deficit."