it's another one of those "panic" days on the entire financial complex. Credit default swaps on Lehman on through the roof. WAMU speculation also high. This explains much of our gappiness today.

We're around 100-23+ at the moment, but posting MBS price currently is like hitting a moving target. This Lehman/WAMU buzz will need some closure before we can stabilize today, even if it's not long term closure.

Stay tuned...