ARCHIVED BLOG POSTS
2012
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New map – Last week’s NY Times had a troubling article about low lying areas around the country which would become permanently flooded without engineered protection. They offered maps of our major cities and projected a percentage of the land in each that would be lost if seas rose 5, 12...
11/30/2012
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Mortgage backed securities (MBS) closed up 9 basis points today at 105.19 having remained in the rarefied air above support offered by the 25 and 50 day moving averages. Continued rhetoric from the players in the "fiscal cliff" battle reflected a befuddled dialogue between the executive and legi...
11/30/2012
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Mortgage backed securities(MBS) closed up 6 basis points today at 105.09 having remained marginally above the dual layers of support offered by the 50 and 25 day moving averages. A huge increase in the number of loans available to be purchased last months occurred due to an impending increase in...
11/29/2012
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Mortgage backed securities (MBS) closed down 12 basis points today at 105.00 having come to rest just above the 50 day moving average with the 25 day moving average just 10 basis points below that. MBS bonds were in positive territory all morning. When the results came in from the $35 billion 5...
11/28/2012
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Mortgage backed securities (MBS) closed up 25 basis points today at 105.12 having secured their spot above the 25 and 50 day moving averages. Bonds were boosted today by a strong auction of $35 billion two year notes which received an "A" rating. In addition, this afternoon Senate majority lea...
11/27/2012
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Mortgage backed securities (MBS) closed up 31 basis points today at 104.88 having not only pushed through the double level of resistance offered by the 25 and 50 day moving averages but also closed above them. This bodes well for MBS bonds in the short run. We must keep in mind, however, that t...
11/26/2012
Stocks opened lower as housing start rose and housing permits declined. Yestereday's euphoric session was not shadowed by today's dreary beginning. At midday the Dow was down in the mid-twenty to mid-thirty range. There was quite a drop-off, however, after Fed Chief Ben Bernanke made comments ...
11/20/2012
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Mortgage backed securities (MBS) closed down 22 basis points today at 104.7 having fallen below support offered by both the 50 and 25 day moving average and come to rest just barely below them. We have seen this pattern several times in recent weeks only see it reverse itself after just a few da...
11/20/2012
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All though well above their session lows, stock continued their dreary string of losses today as investors assets melt away like a child's ice cream cone on a sultry August day. The headline event today was a large increase in initial jobless claims. There were 78,000 more claims then last week...
11/15/2012
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Mortgage backed securities (MBS) closed up 12 basis points today at 104.88 having managed to break through and close above the new found resistance offered by the 25 day moving average. The long green candlestick bodes well for bonds in the short term. The Consumer Price Index reported today an...
11/15/2012
