ARCHIVED BLOG POSTS
2011
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Today's Jobs Report came in surprisingly strong exceeding expectations by 34,000 and reducing the poorly calculated unemployment rate to 9.1%. Although this was good news, it did little to quell the raging uncertaintly about our economy and credit ratring. CNBC speculation that Standard & Poors...
08/05/2011
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Mortgage backed seccurities (MBS) closed down 100 basis points today at 102.50 having fallen through support as speculation and fear whipsawed MBS bonds all over the map. A better than expected Jobs Report which exceeded street speculation was enough good news to snuff out yesterday's rally like...
08/05/2011
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What extraordinary volatility we are seeing in world markets. The wild declines in stocks were exhibited no more vividly that right here at home with the NASDAQ and S & P each closing down more than 5% while the Dow tumbled $512. and 76 cents. The effect of all this losing was to turn all three...
08/04/2011
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Mortgage backed securities (MBS) closed up a whopping 84 basis points today having burst through all levels of resistance on their way to setting a two year high. This dramatic advance led to 30 year conforming rates as low as 4.25% and a 30 year jumbo offering at 4.75%. Much of this, of course...
08/04/2011
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After an extremely volatile day that saw stocks losing over 166 pointsat one point, money began to flow out of bonds and Treasuries and back into stocks and ended an excruciating 8 day skid. Historically the last time the Dow closed down for nine consecutive days was 1978 when some of you out th...
08/03/2011
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Mortgage Backed Securities (MBS) closed up 9 basis points today having crossed above resistance offered by the close of November 11, 2010 prior to falling below it at the close. Historically when this lofty level is reached, the market has had a fairly swift selloff. Combining that with the f...
08/03/2011
