One thing we are listening to carefully is talk in the trading pits about the return of inflation.  Word is that if Obama's stimulus and rescue packages do indeed work and get the economy headed in the right direction - inflation could gather steam rather quickly.  This is why over the past three days, the Treasury market has been decimated.  Mortgage Bonds - while trading lower - haven't lost even a fraction of the ground that Treasuries have lost, likely due to the Fed's buying of Mortgage Bonds.  This is something worth paying attention to, as a spike in inflation may make it harder for the Fed to drive mortgage rates much lower through their purchase program

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