Thursday 7/31/08 ... Keep on keepin' on

Super UN-volatile day.  same 4 tick range since 9AM.  It's a very stable float through the end of the day as lenders that hedged continue to come out with price improvements.

The decision will come at cut-off tonight to see if you want to take the gains or if you think that tomorrow's data could be worse than expected.  It's really about a 50/50 from a fundamental read.

With Jobless claims crushing estimates, some might consider this a sign that NFP could in fact be worse than expected.  Plus we had tame inflation.  Floating could indeed pay off but we've had such a good week, no one would blame you for being tempted to lock.