Wednesday, May 26, 2010

Market Was Up Nicely; Now It's Flat.......

The downside probe is a combination of two items: one, the chatter making the rounds that China is reviewing its Euro Zone bond holdings and two, margin calls hitting trading desks (as they typically do at 11:30AM and 2:30PM eastern).

As always, the reaction to news (supply) will be entirely more important than the news (supply) itself.

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