ARCHIVED BLOG POSTS
2011
Stock futures pointed toward improvement this morning as Saudi Arabia ensured global oil consumers that it would make up for any shortfall caused by interruptions in Libyan production. The Chicago Purchasing Manager's Index showed it highest reading since 1988 this morning. A postive ISM Manufa...
02/28/2011
0
Comments
Mortgage backed securities (mBS) closed up 3 basis points today at 98.56 having managed to remain above support offered by the 50 day moving average. MBS bonds traded in a tight range today as little new anguish appeared on the world stage. The Personal Consumpition Expenditure Index (PCE) was ...
02/28/2011
1
Comments
After three days of setbacks due to the uprising in Libya, stocks were able to make back some of their losses today. Oil futures finally stopped raging late yesterday which created some stabiity in the market. As you know markets do not like uncertainty, so a little comparative moderation has a...
02/25/2011
0
Comments
Mortgage backed securities (MBS) closed up 25 basis points today at 98.53 having finally closed above resistance offered by the 50 day moving average. Downward revisions to last quarters GDP provided the bad news MBS bonds needed to advance. Additional unrest in the oil producing world enabled ...
02/25/2011
Continued unrest in the oil producing world kept stocks in the red today. Improved numbers on jobless claims once again showed fewer than 400,000. new claims and past readings were revised for the better. At the same time there was a nice pop upward in durable goods orders. These are normally ...
02/24/2011
1
Comments
Mortgage backed securities (MBS) closed up 22 basis points today at 98.28 having crossed through resistance offered by the 50 day moving average before bouncing below it at the close. This the first time in over a month that the 50 day has even been in the conversation. More fleeing to safety h...
02/24/2011
2
Comments
Stocks suffered their second consecutive day of significant losses as hyperbole fills the fear mongoring media. Traders are forced to react to headlines rather than being afforded the time to review the actual circumstances. Now it is true that if some of the what ifs, as in troulbe in Saudia A...
02/23/2011
0
Comments
Mortgage backed securities (MBS) closed down 3 basis points today at 98.06 having struggled to remain above the 25 day moving average. Despite the obvious flight to safety cash flow which continued today, traders were confronted with a second consecutive stinker of a Treasury auction. Traders g...
02/23/2011
2
Comments
Tragedy, fear and mayhem raced across the globe todeay as Khaddafi vowed to take his revolutionary hatred of his own people on his certain journey into eternal damnation. Events like this do not play out well in equity markets when they occur in an oil producing country. The drastic reaction in...
02/22/2011
0
Comments
Mortgage backed securities (MBS) closed up a whopping 56 basis points today as the world focused on the perilous conditions in major oil producing nations. As Libya ramped up its pressure on civilian protestors, money flowed out of stocks today into the safe havens offered by U.S. Treasuries and...
02/22/2011
