Ned got hit with the quadruple whammy

• The hurricanes, earthquakes and fires.
• Obamacare bills due.
• And he has to await the outcome of the tax plan
• Also facing the generational regime change and coming of sandbox

So he is jumping one that one year, with the credit card. The one year treasury has been rising about a point a day for some time, up 18 basis for the month.  The short term borrowing needs cause investors to bunch up the liquidity at the short end, waiting for the price of money to hit its mark.

The stock market will suddenly unwind some when that one year pops another 5 basis. But the larger players are attempting the exits, we will be jammed a bit.

It can be a small correction depending on what Congress does.  Our best hope is that Congress freaks and does the sequester again.
Ned needs a hug: