Thursday 7/10/08 ... Keep Floating

I know that some "other" resources have moved to a lock recommendation, but there is no firm indication for that yet.  In fact, the curve has improved by another 2 points despite stocks rising up to 60pts and treasuries losing a couple ticks.  That a good indicator of strength.

 Plus, the entire stack (4.50-8.0) up to 7.0's is hovering around unchanged on the day with no obvious losers.

Yes my friends, floating still makes sense.

And of course, stay alert.  There can still be a significant amount of movement after this Q and A (Paulson and bernanke) is over.