ARCHIVED BLOG POSTS
2012
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As in other markets, stock traders reacted poorly to Ben Bernanke's unwillingness to suggest another round of quantatative easing in order to further assist our stodgy economy. Historicallly quantatative easing has lead to significant gains in stocks markets here as the process causes the dollar...
02/29/2012
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Mortgage backed securities (MBS) closed down 19 basis points today at 103.38 having fallen through the 25 day moving average and then down to test support at the 50 day moving average prior to closing 24 basis points above it. The big reason for today's selloff was Fed Chairman Ben Bernanke's te...
02/29/2012
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After posting a four year high yesterday, all eyes were watching to see if the S&P 500 could advance once again today. The S&P 500 is an unmanaged group of stocks which are thought to best represent our economy. Stock futures which began the day higher moved closer to neutral as poor readings o...
02/28/2012
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Mortgage backed securities (MBS) closed up 3 basis points today at 103.56 having once again remained above the strong double support offered by the 25 and 50 day moving averages and inched ever so slightly upward toward the record territory of receent weeks. Today's Japanese candle if the ominou...
02/28/2012
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When the IMF made its decsion over the weekend not to provide any more capital to the European Central Bank to help them with their debt restructuring, it probably was not well received in Germany. The Germans may now be forced to have a little quantatative easing of their own in order to have s...
02/27/2012
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Mortgage backed securities (MBS) closed up 12 basis points today at 103.53 having remained above double support offered by the 25 and 50 day moving averages. The record high closings of recent weeks lie close above and definitely within striking distance. The International Monetary Fund told th...
02/27/2012
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Similar to bonds, stocks closed the week nearly unchanged today as trading volume was unusally light. I don't remember the President's Day holiday ever having had such long coattails when it comes to impacting volume. The big news for the week is the ever rising cost of crude oil. The speculat...
02/24/2012
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Mortgage backed securities (MBS) closed flat today at 103.41 having fallen just slightly below resistance offered by the 25 day moving average and remained just above support at the 50 day moving average. All in all MBS bonds have made back 60% of the losses incurred in the previous week. With ...
02/24/2012
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Today was one of those rare days I sometimes speak about during which stocks and bonds both go in the same direction. As bonds moved forward modestly on news of a solid Treasury auction, stock traders revelled with another low number of initial unemployment claims and an improvement in the four ...
02/23/2012
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Mortgage backed securities (MBS) closed up 10 basis points today at 103.44 having successfully passed upward through resistance offered by the 25 day moving average. If bonds can sustain themselves above this new level of support, they can once again attain the rarified space approaching the rec...
02/23/2012
