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Tuesday, June 12, 2007

The overall market is selling off hard as rates break above 5.25. MLPS are holding above their low of the day however something tells me this is going to play out some more so i am very cautious in here. Dow down 123 right now.

Soaring 10 year rates can't be good in here. Usuallyi'mlooking around for trading opportunities but there are times to step aside until the dust settles and this may be one of those times.

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