Today\'s move seems all about commodities. I think the market is reacting to the long-term yields getting higher, commodity prices and producers are performing well. The downside of yields going higher is that the fed will have hard time getting the mortgage rates down, which in return will dampen the housing market recovery.

TLT under $97 today. Thought about selling calls a while back, didn\'t act on it. (imp vol so low). The only thing I am confident about these days is my boys are growing taller :-)