Equities were safe to jump into today.
Options expiration today...
One of the secrets is that the guys that are the Most "in the money" always fight themselves at expiry.
so the guys who were coining money up to the expiration, suddenly are having their position "Mean revert"
Short term bonds are selling off hard today...... HARD. Treasuries yield up, market up.
Thursday, September 18, 2008
Santelli just said
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