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2014
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Stock futures started of the day slightly lower after yesterday's strong performance. Stocks actually were showing some minor advances. Just after noon, however, the bottom began to fall out and stocks tumbled in a frenzy of profit taking and malaise. The good news was that inflation remained ...
10/22/2014
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Mortgage backed securities (MBS) closed flat today at 103.72 having once again remained above support offered by the 103.56 level. Surprisingly just as they held there ground yesterday as stocks rallied, today MBS bonds were even though stocks sold off. This reinforces my thought that we should...
10/22/2014
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Stocks enjoyed another banner day today in response to the European Central Bank's (ECB) decision to broaden their quantitative easing. The news caused stocks to rally strongly again today. I n just a couple days the Dow has gained back over 500 of the points it lost in the prior two weeks. Th...
10/21/2014
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Mortgage backed securities (MBS) closed down 6 basis points today at 103.72 having once again remained above support offered by the 103.56 level. MBS bonds did well to lose so little ground today as stocks enjoyed a significant rally. Europe is taking QEIII to a higher level by purchasing corpo...
10/21/2014
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Mortgage backed securities (MBS) closed up 6 basis points today at 103.78 having broken through two levels of resistance during the session prior to closing once again above support offered at the 103.56 level. After a week of soaring as stocks sold off approximately 7%, MBS bonds appear to have...
10/20/2014
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Mortgage backed securities (MBS) closed up 6 basis points today at 103.76 having remained above support offered at the 103..56 level. This slight gain was pretty impressive as MBS bonds showed real staying power in the face of a major rally in stocks. Today some good news finally came in from t...
10/17/2014
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Stocks had another seriously volatile day with wild swings up and down. This afternoon at one point all three major indices were actually in the black at the same time. The lowest initial jobless claims in 14 years would have been the lead story and sent stocks soaring if Ebola and other crises...
10/16/2014
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Mortgage backed securities (MBS) closed down 9 basis points today at 103.69 having remained above support offered by the 103.56 level. In the past few days, due to the rising MBS prices, we have switched from the 4.0% coupon to the 3.50% coupon. The reason for this is that when the bonds are so...
10/16/2014
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Stocks began the day scurrying around the break even level. When the Fed announced that inflation was so low that they would keep interest rates low for an extended period of time, stocks took of and erased yesterday's losses. The poorly performing economy in Germany which caused yesterday's sl...
10/08/2014
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Mortgage backed securities (MBS) closed up 22 basis points today at 106.41 once again the highest closing level since early last year. At that level, MBS bonds sit above all major levels of support. The minuted of the recent Fed meeting were released today and revealed that the Fed intends to k...
10/08/2014
