ARCHIVED BLOG POSTS
2011
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Stocks were pummeled today as the Egyptian protestors were pommeled by seemingly every weapon in the Army's arsenal. Tripoli streets and its citizens were assaulted today by canon fire from tanks, sharpshooting snipers and anti-tank weapons. Despite a redcution in the unemployment rate and a la...
03/04/2011
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Mortgage backed secuirities (MBS) closed up a whopping 56 basis points today as a surprising rally propelled them back over the 25 day moving average and all the way up to the 50 day moving average before being halted. Traders were profit taking today after two days of down trading as the safe h...
03/04/2011
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Last week's new unemployment claims were an incredibly low 368,000. This is the lowest readiing in years. The rolling average is now 388,000 which is under the target of 400,000. This indicates that we will soon be gaining jobs in the economy. The Arab League hinted at a possible peace plan i...
03/03/2011
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Mortgage backed securities (MBS) closed down 44 basis points today at 97.75 having fallen 15 points below the 25 day moving average. The bond is now in a tough position as it is now below two formidable forms of resistance, both the 50 and 25 day moving averages. Continued inflation concersn co...
03/03/2011
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Stock futures pointed to a nearly flat open this morning and sure enough stocks opened just barely in the positive. A positive outlook offered by the Fed in its Beige book was not enough to get stocks really moving. The ADP jobs report once again pointed toward numbers better than the street ex...
03/02/2011
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Mortgage backed securities (MBS) closed down 44 basis points today at 98.19 having fallen below the all important support level offered by the 50 day moving average. MBS bonds, which started the day nearly unchanged, had a change of heart when the Fed issued its Beige Book. The Beige book offer...
03/02/2011
