Several world markets have broken below their Jan '08 lows today / evening in a series of waves 1-2 occurring over the past couple of days. A dramatic drop, more than 10% in a day, is about to take place as the powerful wave 3's unfold.
The ABX mortgage indices kept falling. Now I'm keeping my eye on the last index to fall below the 80c/$ level. Righ now tt's about 85c/$.
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