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The Dow lost 280 points today. There's something odd about the 280-point level. This is the sixth time in the past seven weeks that the Dow has moved by 280 or more. That includes gains of 283 and 286 and a loss of 281 and today's loss of 280.28. Before February's drop of 416 points, the previous +/-280 day came in March 2003.

Although T-Bills are kinda back to normal, the yield on the 10-year T-Bond got down to a five-month low today.

Posted by edelfenbein at August 28, 2007 4:48 PM