They are
beginning to lose it on
CNBC. One commentator stated "the markets are like 100 Ralph
Kramdens trying to all fit
thru the same mouse hole". Rick and Steve are starting to get
pissy with each other. We look like we put in a
temporary bottom about 7:30 this morning when the Fed was going into the market. The
arguments are why the Fed funds rate is lower than the target rate. One is
arguing that it is technical issues. The other is stating that the Fed is doing a
temporary ease
thru the markets. We have already rallied 75 points off the bottom in the
YMs.
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