In terms of yield, the entire top to bottom move for the entire day was around 5 basis points. Had the Fed really said or done something, action could easily been triple that if not more.To constantly be chiseling, to be noted in casual observation by Mish, and of course never noted by porn-addicted captured SEC regulators, is just one of the countless reasons that whenever we look around, anyone making money us cheating, lying, and no one plans to do anything about it. More of the same.
Priced in volatility is expensive for this reason, even though in most cases nothing unexpected is said or done, other than market makers purposely running stops in both directions.
Get your own business going.
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