Alert 1

By: Matthew Graham • Fri, Mar 14 2008, 7:23 AM

I hate to be getting back to you so soon, but we just "took a dip." Don't be concerned yet, we're still far better than yesterday.

The 5.5% line just hit 100-04. This is likely due to early morning "profit takers" selling their MBS holdings. I'm setting the next alert at 100-00 (still much better than yesterday so don't be locking! This is just to keep you informed of movements)