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"Panic moved up a few notches from already extremely high levels,” Tony Farren at Mischler Financial Group remarked on Friday. "I thought last Friday was the blow off top and then a few times this week before today but now it's beyond belief," he went on to marvel.
That's the kind of commentary that was coming from the pros on the last day of the week, particularly during the US morning, when a bond rally with almost no precedent was unfurling.
Although most serious traders watched the beginnings of it unfold in Asia on Thursday