The most recent Bernanke comments strongly hint at higher rates to compensate for risk of not only the sub prime homeowner but junk rated corporate paper.
Economic growth in U.S. going to be hard pressed to keep up it's 1-2% anemic growth rate.
That played out quite well, too bad I wasn't in Puts. I watched all day and the Close on the Lows seemed in play even though the afternoon rally was tempting. I think we get a little bounce soon, we have killed a lot of June Calls and put almost as many Puts in the money. We will see how it plays out of course, no forecasting on my part.
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