mon 9/15/2008 9:42am

as i can remember, there were days while i traded treasury futures last decade on wall street, a few went over 3 points in the long bond. through the overnight session, i saw a tad over a 2 points jump, so we are not yet there, the so called bottom. unless we see trin of double digits, ticks of -2000, or something else, we may not be there today. aig is one key to today's outlook as they insure so many of these derivatives that are now scaring everyone as no one can say how much they are worth. let's pay attention to size.  

paul