take notice of this one folks … been blogging about it a bunch here for a while. THE KEY LEVEL was smoked today. the probability of a generational low in interest rates just went up. let’s not get to crazy – yet. we have next week FOMC decision to deal w/ and then we’ll see where the big guys are positioning themselves.
however, today’s damage was pretty big and historic: http://www.seeitmarket.com/fed-funds-futures-smash-through-support-chart-15044/
here’s a link to the fed fund futures blogged about in the past:
if you go thru these posts you’ll see how the important support zone had been holding and, today, it gave away.
happy reading and let me know if you have any questions.