Just a quick update.  Stateside traders were greeted with bullish price action as Japan’s growth fell short of expectations, pushing the 10 year note up 1 point before the bell.  The National Association of Home Builders Confidence Index didn’t help, falling to 13, its lowest level since March 2009.  I wanted to get this out because we are starting to see the early morning rally fade.  Currently the FNMA’s are up only 2/32’s and the 10 year is plus 21/32’s.  Part of this is due to a recovery in stocks, once down 70 something, the Dow has now boot strapped itself back to plus 13.  A price change for the worse is probably moving to the front burner.