RECENT BLOG POSTS
Monday, April 28, 2008Without any real news to sink our teeth into today, traders will be alert for anyone who sneezes the wrong way to decide which way to invest. With that being said, Warren Buffet spoke out today on how he not only believes that we are in a recession, but that it will be much ...
04/28/2008
THE JOB MARKET Initial jobless claims dropped by 33,000 last week. Quite unexpected by analysts to say the least. The market reacted like it was the best news in weeks.... Which it was. With the four week average remaining at a high 369,500, and numbers dropping only as benefits end for the unem...
04/28/2008
Rates have bounced around this week more than kids at a birthday party. Like them, all this up and down has left some with an upset stomach. I wouldn't be far off is I said that the first thing I do when I wake up is open my computer and see what the bond (and therefore rates) are going to do tod...
04/25/2008
Thursday, April 24, 2008It's a good market news day, which is pulling the bond down pretty hard. Durable goods orders came in better than expected today. Although most of it was defense related orders, investors looked at it as good news and ran with it. Other positive news was that Jobless claim...
04/24/2008
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Wednesday, April 23, 2008It takes real self control to not watch the bond constantly and today is no exception. Bond insurer Ambac reported a loss today of $1.6 billion. This was much worse than analysts expected and dropped their stock down to under $ 5 a share. They were $95 a year ago (ouch). ...
04/23/2008
Tuesday, April 22, 2008Existing home sales came in lower than economists expected today at 4.93 million. It was expected to be 4.95 million. The national median home price also dropped to $ 200,700, still not bad for U.S. Other news in the market is a mixed bag, with the most annoying economic ne...
04/22/2008
Tuesday, April 22, 2008Existing home sales came in lower than economists expected today at 4.93 million. It was expected to be 4.95 million. The national median home price also dropped to $ 200,700, still not bad for U.S. Other news in the market is a mixed bag, with the most annoying economic ne...
04/22/2008
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The most common questions I hear from clients is "do I need a down payment?" and "What do I qualify for?" There are still a number of options with Community development grants, Down payment assistance programs, VA, and Rural Housing in certain areas 100% is still possible. Scores are more import...
04/21/2008
Monday, April 21, 2008With little in the lines of economic reports today, the bond is relying more on the stock market today. With Bank of America (the guys in the process of buying Countrywide) stating today that their profits fell 77% from last year, and 30% of economists feeling that the econo...
04/21/2008
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Friday, April 18, 2008This has truly been a freaky Friday. With Citigroup posting a whopping $5.1 Billion First quarter loss, the DOW shot up 243 and took the bond down with it. What triggered this earnings loss to be good? Well most investors had already figured that they were going to tank, so ...
04/18/2008