Word of the Day...Word of the day 'PICKLE' like in the FED is in a serious Pickle. No win situation...if they continue to increase the rates they destroy the bond portfolio of Banks which stood at 700B paper losses on Friday. If they put the foot on the brake with regards to increasing rates their efforts of taming inflation gets more hardious. Suffice to say that Portfolio Managers have gone into highly defensive stance with regards to risk assets.
Bottom line Thank god for March Madness. Go Purdue Go. Canadian dude 7'4" center from Toronto.