Friday 10/3 ... Apathetic, Anti-Climactic, Thinly Traded Response

We've seen very few trades hit the ticker, even for a normal news event. This is by far the lowest volume we could have expected after an announcement of this magnitude.

Stocks are down to a mere 127 gain in the dow.

MBS haven't flashed a trade on October 5.5's for a good 2 minutes now, but that last one was in at 100-04.

Stay tuned...