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The price of PNI seems to improve after the Fed cut rates. Also, as the banks and autos get government funding the price of PNI improves. I think PNI will go up when credit lending improves. All the deadwood has to be cleared out of the market first. That's what I think.
I bet a lot of oversold PNI money went into treasuries. We may have a treasury bubble. Sentiment : Buy Rating :
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