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Italian Election to blame ...LOL-

Look at today's gains in the MBS.  Funny, the news cycle blames the Italian election (what a joke.....).  The technical's have been telling us for the last 2 weeks that the stock market is overbought and frothing where institutional (big vol.) investors have been taking gains.  today they went into 10 year treasuries with huge volume, after coming out of the stock market.  Tomorrow will bring new signals of what direction the herd is headed in.  Great day to lock.  Asian markets off 2% on the open so rally in bonds should continue but lock if it works......

 

 

Special credit to Jaques Poujade for the info-

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