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Bonds prices were up again yesterday for all asset-classes: treasuries, agencies, munis, and corporates.

Across my major, all-bond accounts (roughly $700k face), the one-day gains varied from 0.10% to 0.33%, averaging 0.18% on a dollar-weighted basis. My minor accounts, I’m sure, will show the same pattern. People are scared, and they are fleeing stocks and buying bonds. That’s good for them that already own them, bad for those trying to get in.

A one-day gain of 0.18% would roughly work out to be a simple, annual gain of 45%. But that’s not even on-third of what the stock shorts should make this year, as Obam launches a vicious campaign of class warfare in his effort to create and save jobs, namely his own.
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