More on  this tomorrow but action in the bond market seems to support the view that a further decline – while possible – may not be in the cards.  Accordingly, I closed out my short position having made enough money for a (cheap) dinner and a movie, lol.

This is NOT investment advice, but rather an answer to the question we asked last week “Do we shoot fish or do the fish shoot back??  Today, we sniped a few herring and got out with a tiny gain.