Wednesday 8/13 ... Choppy!
By:
Matthew Graham
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Reversing back towards even on the day with 6.0's up only 2 ticks at 99-27.
Maybe "it's not a rally, after all."
Still too early to be certain. After stocks open in half an hour we will probably have more clues as to market direction.
The MBS-Ninja tells me (yeah, he's still lurking in the shadows) this choppiness is nothing more than boredom driven day trading as we wait for the real news tomorrow.