ARCHIVED BLOG POSTS
2010
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Late Wednesday a release put out by the Financial Times hinted that China might be looking to significantly reduce its holdings of European debt. That caused the stock market to loose it mid-day gains yesterday and closely nearly flat. Today's denial of that report caused the Dow to surge by al...
05/27/2010
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Mortgage backed securities closed down 56 basis points today at 101.75 having fallen 59 basis points below resistance offered by the close of 12/8/09. Money flew out of MBS bonds back into stocks today as news came out that China would continue to hold European investments. Whether the Chinese ...
05/27/2010
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With bonds rallying early on this morning, stocks were poised for a steep stumble at the open. Sure enough stocks got off to a poor start and sunk almost 300 points during the day. Even when St. Louis Fed Resereve Bank President James Bullard said today that the problems in Europe are unlikely ...
05/25/2010
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Mortgage backed securities (MBS) closed up 25 basis points today at 102.34 sitting right on resistance offered by the closing level of 12/8/09. Markets endured their newly accustomed volatility today as global events continue sustaining uncetainty. The Eurozone debt crisis combined today with f...
05/25/2010
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Mortgage backed securities (MBS) closed down 6 basis points today at 102.09 below resistance offered by the high of December 8th. MBS bonds traded in a narrow range. The stochastics indicator which measures the level of an investment's being oversold or overbought points to the latter. Based o...
05/24/2010
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Volatility remained the norm today in the stock market as stocks started off the day with same malaise that affected it for the past week. By mid morning they started to stablize before rising nearly 100 points, swooning back to nearly even and then closing up over 125 points in a spirited last ...
05/21/2010
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Mortgage backed securities (MBS) closed down 22 basis points today at 102.16 16 basis points below resistance offered by the high of 12/8/09. Bonds traded higher in the morning but lost steam as the Dow finally began to heat up after days of being pummeled . Both conventional wisdom and two tec...
05/21/2010
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MBS bond prices are driven by market conditions, technical factors, world events and fear. Sometimes two of these factors come together to push the markets in one direction or another. That is what we are experiencing now. The combination of the European sovereign currency issue and the fear t...
05/18/2010
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Mortgage backed securities (MBS) closed up 38 basis points today closing at 101.91 just 12 basis points below resistance offered by the close of May 7th. Germany was responsible for a late in the day sell off in stocks. They announced that they would be naked short selling certain securities. ...
05/18/2010
One of my new real estate agents came into my office today and wanted to know what to do about a family she had encountered at an open house she had hosted for another agent. She had asked most of the proper questions and had a good picture of what they wanted in a property. Her question to me ...
05/17/2010
