On the Zoom

Well she got up every morning
And she waited in the cold
Got in a stinking yellow cab
Put the money through the hole
And she stared out the window
All the way down Fifth Avenue
--Don Henley

Long bonds have been on the zoom, presumably on the back of the Fed's announcement last wk that it'll be buyin' em.

Decided to peel off my exposure into this morning's lift. The trader in me senses a 'too far, too fast' situation and that there may be a gap to fill back to 102ish.

Besides, am still holding some dollars and short equity index which reflect the same basic deflationary theme...

positions in SH, UUP