ARCHIVED BLOG POSTS
2011
0
Comments
Stocks were on an extremely low rollercoaster ride undulating just under breakeven and rising to about a 40 points and back again over and over. They did manage to break the trend of tremendous losses, however, as the Dow closed up 37. The most important measure once again was the S&P 500 remai...
09/23/2011
1
Comments
Mortgage backed securities (MBS) closed down 88 basis points today at 102.78 having fallen about half way down the vast 170 point cavern between resistance above and support below. As I suggested yesterday, many times after huge advances the likelihood of large falls can follow. Certainly some ...
09/23/2011
0
Comments
Stocks had another horrible day today and are still seeking some harbor from the uncertainty that fills global economies. With the Euro sinking, equity investors abandoned their positions and sought the perceived safety of the U.S. dollar and U.S. Treasuries and Mortgage Backed securities. At on...
09/22/2011
0
Comments
Mortgage backed securities (MBS) closed up 66 basis points today at 103.66 having had a gap opening and continued to climb as dollars flowed into bonds from more volatile equities. Additional fears about European debt and about slowing economies in Germany and China rekindled the safe haven trad...
09/22/2011
The FED offered it s new program, known as "Operaton Twist", today which sees it purchasing agency mortgage backed securities with the principal payments received from agency debt and agency mortgage backed securities. Normally this action would have been well received on Walll Street, but appar...
09/21/2011
0
Comments
In a word; Wow!! Mortgage backed securities (MBS) closed up a whopping 134 points having blown through all existing record highs and come to a close at an even 103.00. Today's trading left a giant green candlstick rising above all previous resistance levels and declaring its superiority. When ...
09/21/2011
0
Comments
Stocks spent most of the day in positive territory upon the premise that Greece's deal with the aforementioned "Troika" was about to be consumated. Late in the trading session, however, news came in that the deal might not be done. Stocks proceeded to give up almost all their gains. Stocks may...
09/20/2011
0
Comments
Mortgage backed securities (MBS) closed down 6 basis points today at 101.66 having drifted down almost low enough to test support at the 25 day moving average before bouncing back up at the close. Traders across the board were establishing neutral positions in advance of the statement following ...
09/20/2011
0
Comments
More uncertainty about Greece and its debt sent stocks reeling this morning causing the Dow to sink down 260 points during the day. Late in the day, however, word came in that Greece was close to striking a deal with the "TRoika" comprised of the European Commission, the European Central Bank an...
09/19/2011
0
Comments
Mortgage backed securities (MBS) closed up 50 basis points today at 101.59 having broken throught resistance and run all the way up to a second resistance level at 101.75 before falling away. The safe haven trade was in full force this morning as the weekend 's events in Europe once again caused...
09/19/2011
