Friday 9/19 ... Persisting Weakness`

We've spend over 120 seconds now under the magical floor.

That doesn't feel so magical considering the market got our hopes up for a Paulson-catalyzed rally.

Most lenders that priced after 1030 will now reprice. It could take seconds or hours depending on your lender, and there's no way to know if we will get those gains back by the end of the day. Given the market climate, nothing's certain.