ARCHIVED BLOG POSTS
2013
1
Comments
It was day of short classes because we had games against other schools after lunch. My last period Latin class was just ending. There were always announcements over the public address system. This day was different. The word came over that the President had been shot. My teacher, who was in ...
11/22/2013
2
Comments
Equity markets had another strong trading session today with the Dow closing at another new high and the S & P 500 closing over 1,800 for the first time. The U.S. stock markets will be closed on Thursday in observance of the Thanksgiving holiday and will trade on until 1 PM on Friday. More FED...
11/22/2013
0
Comments
Mortgage backed securities (MBS) closed up 12 basis points today at 104.56 having drifted upward to almost touch resistance offered by the 50 day moving average. Having closed at the high of the day so close to resistance bodes well for the holiday shortened trading session next week. Securitie...
11/22/2013
1
Comments
Did you know that there are a number of facts, concepts and answers that most loan originators don’t know about their own industry. Somehow through the years there have been both major misconceptions and little know facts that they should have known but they just were not well enough circulate...
11/21/2013
1
Comments
Stocks moved broadly higher today and the Dow Jones Industrial average set a new benchmark today by closing above 16,000 for the first time in its history. We had seen some entry into the rarefied air of the 16,000 in intraday trading but have never before closed at that level. Equity traders t...
11/21/2013
0
Comments
Mortaage backed securities (MBS) lcose up 6 basis points today at 104.44 having fallen down to support at the 104.09 level prior to bouncing back up for the higher close. With stocks moving strongly aheadm MBS bonds did well to remain in the positive. The ongoing swirling of clutter in capital ...
11/21/2013
0
Comments
Once aagin speculation about when the "tapering" of the FED program of purchasing $85 Billion of U.S. Treasuries and MBS bonds each month roiled both equity and fixed income markets. This time the minutes revealed that that there had been discussion about which of the two categories would be tap...
11/20/2013
0
Comments
Mortgage backed securities (MBS) closing down 41 basis points today at 104.38 having crossed about the 25 day moving average and having come within 1 basis point of the 200 day moving average before swooning after the FED minutes presented a confusing set of messages. Once again the topic of slo...
11/20/2013
