the 3 month yield moved from .3 to .78 today... which is good
the flight to safety... though the hedgies have moved to cash.. they probably have moved to 3 month Treasuries
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
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