Nature Erodes; The Market Corrodes What’s the difference between a cavernous hole in a mountain made by Mother Nature and a cavernous hole in the market made by understandable jitters? A hole made by Mother Nature occurs over hundreds of thousands of years. Erosion. A hole made by understandable market jitters occurs in a matter of months, days, hours. Corrosion. Yesterday, treasury yields softened. Today, they firmed until they softened. This week is yet another
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