Wednesday, March 4, 2009

Hubba Bubba

After one bubble pops, probably another one is about to lose air. It looks like the 10 yr note is about to settle comfortably with a 3 handle yield. We havn't seen this one for a while, my guess is a quick move to 4 is a good trade.

Market holding well with GE being brought to the woodshed. A lot of bearish talk on the tube. Seeing one interview with SPX value derived in the 375-425 range and other looking for silver coins.

Next event risk is in the Autos.

Farewell to the AMEX, lots of memories.

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