ARCHIVED BLOG POSTS
2011
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Stocks traded lower today in reaction to a number of doom and gloom type reports that were issued in Europe over the weekend. German Chancellor Angela Merkel was particularly damaging to traders yesterday when she said that Europe is currently in its worst economic situation since the end of Wor...
11/14/2011
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Mortgage backed securities (MBS) closed up 6 basis points today at 101.66 having briefly broken through resistance offered by the 50 day moving average prior to settling back into a tiny spot below that and above the 25 day moving average. There was no economic reporting scheduled for today and...
11/14/2011
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After thinking long and hard about those things about which I am thankful, I came up with the following list. I hope you enjoy them as much as I enjoyed thinking about them. There are so many things to be thankful forWhere might I begin?Little faces to adoreAnd finally tucking them inLittle...
11/11/2011
Stocks rebounded once again today from Wednesday drastic sell off. It seems both the Greek and Italian governments will be receiving new Prime Ministers. Both men are learned experienced former members of European Community organizations. Lucas Papademos, Greece's interim Prime MInister, is a ...
11/11/2011
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Bonds markets including the MBS market were closed in observance of Veterans Day today. Stock markets were open and observed their normal schedule. Happy Veterans Day. Let us honor and remember all those who have served our nation. This message is being sent on 11/11/11. Here is hoping everyt...
11/11/2011
After yesterday's panic selloff, stock futures were geared up and ready go this morning. Lower yields on the Italian bonds and a pat on the back to France from Standard and Poors helped U.S. stocks advance. The French rating was maintained at the triple AAA level that we recently lost depite th...
11/10/2011
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Mortgage backed securities (MBS) closed down 41 basis points today at 101.59 having fallen through support offered by the 50 day moving average and wound up just above the 25 day moving average some 17 basis points below. For the second straight day the Treasury auction went poorly receiving ju...
11/10/2011
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After recent advances as the Greek debt crisis appeared to stabilize, stocks had a perfectly miserable day today. Traders were running for cover even at the thought of buying stock futures this morning. With no major economic reports being issued today, doubt, about Italy, Europe's third larges...
11/09/2011
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Mortgage backed securities (MBS) closed up 22 basis points today at 102.00 having broken through resistance offered by the fallling trend line prior to closing 36 basis points below it. The "safe haven" trade was back in place today but the protagonist was no longer Greece but now Italy. With r...
11/09/2011
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Stocks, which had been down early in the day, bounced back nicely when Italy's Prime Minister agreed to resign today when he was unable secure more than 50% of the vote conducted this afternoon. This combined with stronger than expected corporate earnings from European corporations, a more posit...
11/08/2011