Posted
Nov 18 2008, 03:11 PM
Nominal 23% retracement here after the book time. Down off the highs which touched 100-08.
No salient cause for this other than technicals.
Moderate chance of .125 reprice for the worse from the most aggressive lenders that have priced in a majority of today's gains already. Other, slower to the punch lenders, may only now be getting around to repricing for the better from earlier.