With all due respect to any conspiracy theorists out there, it's been my all-too-often observation/opinion that conspiracy theories are, again, all-too-often, about outcomes that simply don't comport with the theorist's preconceived notions.
Well, that said, the fact that the Bureau of Labor Statistics' systems froze this morning -- the morning when the latest Producer Price Index read is to be released -- a moment when virtually nothing could be more inconvenient, given the Fed's present objectives, than a serious bout of inflation... well... very odd indeed!
Well, I can tell you that the bond market didn't wait for the BLS to come back on line.
Suffice to say that that's a big move in the 10-year treasury yield this morning:
"The most important quality of a trader is discipline. That is a sine qua non of trading; one must have discipline. It is even more important than idea generation. The key over time is to have the discipline to capitalize on your successes and minimize your mistakes because, ultimately, the game is about preservation of capital."