ARCHIVED BLOG POSTS
2009
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This week will be packed full of economic reports. Today was the aforementioned Chicago Purchasing Managers Index which is a high impact report. Other high impact reports this week are tomorrow's ISM Index which reflects the non-manufacturing sector and Wednesday's ADP National Employment Repor...
11/30/2009
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Mortgage backed securities (MBS) closed up 12 basis points (bps) todat at 102.62 just above previous resistance at the 3/19 interday high of 102.56. The weight of the Dubai credit crisis could not be supplanted by a positive Chicago Purchasing Managers Index reading as the rush to use MBS Bonds ...
11/30/2009
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Mortgage backed securities (MBS) closed up 19 basis points today at 102.50 just below the intraday high of the year at 102.56. MBS bonds raillied to as high as 102.78 as money flowed from stocks into bonds in reaction to the Dubai debt crisis. The Dow Jones Industrials closed down 154. points...
11/27/2009
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The rule of thumb for determining how much life insurance you need is applied after deciding how much income you will need during your retirement years. If you decided that you will need $50,000. income each year during retirement to supplement any social security and retirement income you will ...
11/27/2009
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Here is an original poem to help you into the Thanksgiving mood. I hope you enjoy it. Thanksgiving There are so many things to be thankful for Where might I begin? Little faces to adore And finally tucking them in Little boys and little girls To perpetuate our race Simple toys and pretty c...
11/25/2009
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Mortgage backed securities (MBS) closed up 6 basis points today at 102.31 below resistance at 102.41. The market had wild swings today marked by a 47 basis point trading range. Trading tailed off toward the end of the day as the holiday getaway began in ernest. The major market driver was str...
11/25/2009
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One little known fact about the capital gains exclusion is that under certain circumstances the two year residency requirement can be prorated. If for instance someone qualifying for proration had lived in the house only one of the past five years, he or she would receive only 50% of the exclusi...
11/24/2009
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Mortgage backed securities (MBS) closed up 25 basis points today at 102.25 just 31 basis points below the high for the year which occured on January 6th. A strong auction of 5 year Notes combined with additional rhetoric from the Fed that interest rates would remain low and more low inflation ne...
11/24/2009
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One nice thing the government has done for us is to give us a way of excluding some of the profit from the sale of our homes from the capital gains tax. Individuals may exclude up to $250,000. and married couples up to $500,000. from the tax. They must have lived in the house using it as their ...
11/23/2009
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Mortgage backed securities (MBS) closed up 22 basis points today at 102.00 near highs for the year. Fed speaker James Bullard said Sunday that the Fed should extend its program of buying MBS bonds beyond the March 31 deadline which is currently in place. As a result, once again today we had t...
11/23/2009
