Friday 7/11/2008 ... Another Hopeless Pun

As you're undoubtedly out at the bar with your laptops now, go ahead and order a basket of those "Chicken-Little Wings."

no?  no one got it?

Well, whether you dig the comedy or not, the sky is, in fact, falling a bit as MBS are down under 101-00.

The MBS lord giveth and the MBS lord taketh away.  Hmmm....  Seems to be doing much more of the "takething" today...

If you haven't locked by now, order another round on me.   You'll need it.

The only potential saving grace is a broad, long-term technical analysis reading that we will discuss on Monday that MIGHT point to this sell off being temporary.