Market Update - 10/24/08 01:21 PM
Friday, October 24, 2008            
 
Price Trend: Negative
Price Volatility:  Very High
Recommendation:  Cautiously Floating/Consider Locking   
_________________________________________________________________
 
Current Conditions:                Today's Economic Data (all times PST)
 
FNMA 5.5          99-22    (-8)                   Existing Home Sales                   7:00                 
GNMA 5.5          99-31    (-9)                  
10yr Yield          3.609%                                                                                                                                                                        
                                                           
_________________________________________________________________
Commentary:
  
The market has been extremely volatile this morning.  Currently mortgages have widened out from treasuries and are down for the day after being up early this morning.  Stock markets are down across the globe but this has not benefitted the bond market.
 
Existing Home Sales … (1 comments)

Market Update - 10/23/08 12:52 PM
Market Outlook
 
Thursday, October 23, 2008                   
 
Price Trend: Negative
Price Volatility:  Very High
Recommendation:  Cautiously Floating/ Consider Locking   
_________________________________________________________________
 
Current Conditions:                Today's Economic Data (all times PST)
 
FNMA 5.5          100-12  (-4)                   Jobless Claims               5:30                 
GNMA 5.5          100-22  (-7)                  
10yr Yield          3.614%                                                                                                                                                                        
                                                           
_________________________________________________________________
Commentary:
  
Once again the day is slated to be a slow one.  Bonds and mortgages are down this morning after fading slightly yesterday afternoon.  This isn't a huge surprise after the run up seen over the past week.  The only data released today was … (1 comments)

Market Update - 10/21/08 02:47 PM
Market Outlook
 
Tuesday, October 21, 2008                    
 
Price Trend: Positive
Price Volatility:  Very High
Recommendation:  Cautiously Floating   
_________________________________________________________________
 
Current Conditions:                Today's Economic Data (all times PST)
 
FNMA 6.0          101-21  (+1)                  None                
GNMA 6.0          101-22 (+1)                 
10yr Yield          3.792%                                                                                                                                                                        
                                                           
_________________________________________________________________
Commentary:
  
The bond markets had quite a day yesterday and have held on to those gains this morning.  Easing conditions in the credit markets (Libor in particular) helped both stocks and bonds.  Also, during Bernanke's testimony yesterday he voiced his support for further Government "stimuli" for the economy.  … (0 comments)

Market Update - 10/20/08 11:50 AM
Market Outlook
 
Monday, October 20, 2008                     
 
Price Trend: Positive
Price Volatility:  Very High
Recommendation:  Cautiously Floating   
_________________________________________________________________
 
Current Conditions:                Today's Economic Data (all times PST)
 
FNMA 6.0          100-31  (+8)                  Leading Indicators                      7:00                 
GNMA 6.0          101-06 (+9)                 
10yr Yield          3.920%                                                                                                                                                                        
                                                           
_________________________________________________________________
Commentary:
  
Bonds are up again this morning and appear to be benefitting from Fed Chairman Bernanke's appearance on Capitol Hill this morning.  Bernanke has reiterated his belief that the economy is in for a few rough quarters.  He also seems to be supporting another Government … (0 comments)

Morning Humor - 10/09/08 11:32 AM
NEW STOCK MARKET TERMSCEO --Chief Embezzlement Officer.CFO-- Corporate Fraud Officer.BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.BEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex.VALUE INVESTING -- The art of buying low and selling lower.P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing.BROKER -- What my broker has made me.STANDARD & POOR -- Your life in a nutshell.STOCK ANALYST -- Idiot who just downgraded your stock.STOCK SPLIT -- When … (4 comments)

Market Update - 10/09/08 11:18 AM
Market Outlook
 
Thursday, October 09, 2008                   
 
Price Trend: Negative
Price Volatility:  Very High
Recommendation:  Floating with an Eye on the Market   
_________________________________________________________________
 
Current Conditions:                Today's Economic Data (all times PST)
 
FNMA 5.5          99-23    (-15)                 Jobless Claims                           5:30                 
GNMA 5.5          99-25    (-21)                 Wholesale Inventories                 7:00
10yr Yield          3.762%                                                                                                                                                                        
                                                           
_________________________________________________________________
Commentary:
  
The extreme turmoil in the financial markets picked up right where it left off this morning.  Stocks have been all over the place and bonds are suffering.  Cash is king right now as it seems that … (0 comments)

Market Update - 10/08/08 11:49 AM
Market Outlook
 
Wednesday, October 08, 2008                
Price Trend: Positive
Price Volatility:  Very High
Recommendation:  Floating but ready to Lock   
_________________________________________________________________
 
Current Conditions:                Today's Economic Data (all times PST)
 
FNMA 5.5          100-21  (+2)                  FOMC Minutes                            11:00               
GNMA 5.5          100-27 (+3)                 
10yr Yield          3.497%                                                                                                                                                                        
                                                           
_________________________________________________________________
Commentary:
  
In a somewhat expected move, the World's major central banks made a coordinated rate cut last night with the Fed lowering the fed funds rate by 0.50%.  It seems that the financial markets are still trying to figure out how to react to … (0 comments)

Quotes from Obama's book - 10/08/08 11:24 AM
 Why is all of this going unnoticed by the media????  They send 100 reporters to Alaska to dig up something on Sarah palin and they have this politically incorrect crap right in front of their eyes!
      
From Dreams of My Father:'I ceased to advertise my mother's race at the age of 12 or 13, when I began to suspect that by doing so I was ingratiating myself to whites.'
  From Dreams of My Father :  'I found a solace in nursing a pervasive sense of grievance and animosity against my mother's race.'
  From Dreams of My Father:'There was something about him that made me wary, a little … (0 comments)

Quotes from Obama's book - 10/08/08 11:21 AM
 Why is all of this going unnoticed by the media????  They send 100 reporters to Alaska to dig up something on Sarah palin and they have this politically incorrect crap right in front of their eyes!
      
From Dreams of My Father:'I ceased to advertise my mother's race at the age of 12 or 13, when I began to suspect that by doing so I was ingratiating myself to whites.'
  From Dreams of My Father :  'I found a solace in nursing a pervasive sense of grievance and animosity against my mother's race.'
  From Dreams of My Father:'There was something about him that made me wary, a little … (0 comments)

Market Update - 10/07/08 11:43 AM
Market Outlook
 
Tuesday, October 07, 2008                   
 
Price Trend: Negative
Price Volatility:  Very High
Recommendation:  Floating with an Eye on the Market
_________________________________________________________________
 
Current Conditions:                Today's Economic Data (all times PST)
 
FNMA 5.5          100-18  (-7)                   FOMC Minutes                            11:00               
GNMA 5.5          100-27 (-3)                  
10yr Yield          3.523%                                                                                                                                                                        
                                                           
 
_________________________________________________________________
Commentary:
  
Stocks are holding on to the ground they recovered yesterday afternoon after the Fed announced that they will begin buying commercial paper from businesses.  This move should help the ongoing liquidity by providing companies with much needed short term … (0 comments)

To Kill an American - 10/07/08 10:24 AM
To �Kill an AmericanYou �probably missed this in the rush of news, but there was actually a report that someone in Pakistan had published in a newspaper, an offer of a reward to anyone who killed an American, any American. �So an Australian dentist wrote an editorial the following day to let everyone know what an American is. So they would know when they found one. (Good one, mate!!!!) �'An American is English, or French, or Italian, Irish, German, Spanish, Polish, Russian or Greek. An American may also be Canadian, Mexican, African, Indian, Chinese, Japanese, Korean, Australian, Iranian, Asian, or Arab, … (0 comments)

Market Update - 10/06/08 11:50 AM
Market Outlook
 
Monday, October 06, 2008                     
 
Price Trend:  Positive
Price Volatility:  Very High
Recommendation:  Cautiously Floating   
_________________________________________________________________
 
Current Conditions:                Today's Economic Data (all times PST)
 
FNMA 5.5          100-28  (+21)                None                
GNMA 5.5          101-07 (+20)               
10yr Yield          3.459%                                                                                                                                                                        
                                                           
_________________________________________________________________
Commentary:
  
Now that the distraction of the rescue plan is out of the way it seems that Wall Street has noticed that the economy is barreling toward the cliff of recession.  Global stock markets were off in a big way overnight and the US stock markets have followed … (0 comments)

Where the mortgage crisis began. - 10/06/08 10:33 AM
Subject: Where it all began..........Note the date By STEVEN A. HOLMES Published: September 30, 1999In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make … (0 comments)

OBAMA'S 'NOT EXACTLY'S' - 10/06/08 10:30 AM
    1.) Selma Got Me Born - NOT EXACTLY, your parents felt safe enough to have you in 1961 - Selma had no effect on your birth, as Selma was in 1965 (Google' Obama Selma ' for his full March 4, 2007 speech and articles about its various untruths.)  2.) Father Was A Goat Herder - NOT EXACTLY, he was a privileged, well educated youth, who went on to work with the Kenyan Government.  3.) Father Was A Proud Freedom Fighter - NOT EXACTLY, he was part of one of the most corrupt and violent governments Kenya has ever had.  4.) My Family Has Strong … (0 comments)

OBAMA'S 'NOT EXACTLY'S' - 10/06/08 10:29 AM
OBAMA'S 'NOT EXACTLY'S'    1.) Selma Got Me Born - NOT EXACTLY, your parents felt safe enough to have you in 1961 - Selma had no effect on your birth, as Selma was in 1965 (Google' Obama Selma ' for his full March 4, 2007 speech and articles about its various untruths.)  2.) Father Was A Goat Herder - NOT EXACTLY, he was a privileged, well educated youth, who went on to work with the Kenyan Government.  3.) Father Was A Proud Freedom Fighter - NOT EXACTLY, he was part of one of the most corrupt and violent governments Kenya has ever had.  4.) My Family … (0 comments)

George Bush has been in office for 7 1/2 years. - 10/03/08 06:02 PM
George Bush has been in office for 7 1/2 years. 
 
The first six the economy was fine.
 
A little over one year ago :
 
1) Consumer confidence stood at a 2 1/2 year high;
 
2) Regular gasoline sold for $2.19 a gallon;
 
3) the unemployment rate was 4.5%.
 
4) the DOW JONES hit a record high--14,000 +
 
5) American's were buying new cars, taking cruises, vacations overseas, living large!...
 
But American's wanted 'CHANGE'! So, in 2006 they voted in a
 
Democratic Congress and yes--we got 'CHANGE' all right. In the PAST YEAR:
 
1) Consumer … (0 comments)

Some info on Obama's staff - 10/03/08 10:30 AM
is a quick look into 3 former Fannie Mae Executives who have played big on Wall Street.Franklin Raines was a Chairman and Chief Executive Officer at Fannie Mae.  Raines was forced to retire from his position with Fannie Mae  when auditing discovered severe irregulaties in Fannie Mae's accounting activities. At the time of his departure The Wall Street Journal noted, ' Raines, who long defended the company's accounting despite mounting evidence that it wasn't proper, issued a statement late Tuesday conceding that 'mistakes were made' and saying he would assume responsibility as he had earlier promised. News reports indicate the company was under … (1 comments)

Morning Humor - 10/03/08 10:26 AM
HALLOWEEN IS GOING TO S*CK THIS YEAR !!
 
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Market Update - 10/02/08 02:26 PM
Market Outlook
 
Thursday, October 02, 2008                   
 
Price Trend:  Positive
Price Volatility:  Very High
Recommendation:  Consider Locking
_________________________________________________________________
 
Current Conditions:                Today's Economic Data (all times PST)
 
FNMA 5.5          100-06  (+8)                  Jobless Claims                                  5:30                 
GNMA 5.5          100-17 (+8)                  Factory Orders                                  7:00
10yr Yield          3.687%                                                                                                                                                                        
                                                           
_________________________________________________________________
Commentary:
  
Could it be that the rescue package is losing some of it's influence on the market?  The Senate passed the new "sweeter" bill last night and the stock market didn't rally.  In fact, the Dow is off about 200 points this morning.  … (0 comments)

Market Update - 10/01/08 11:37 AM
Market Outlook
 
Wednesday, October 01, 2008                
 
Price Trend:  Positive
Price Volatility:  Very High
Recommendation:  Cautiously Floating   
_________________________________________________________________
 
Current Conditions:                Today's Economic Data (all times PST)
 
FNMA 5.5          100-01  (+17)                Case/Shiller Home Price Index            6:00                 
GNMA 5.5          100-13 (+17)                Chicago Purchasing Managers Index    6:45
10yr Yield          3.676%                         Consumer Confidence                        7:00                                                                                                                                         
                                                           
_________________________________________________________________
Commentary:
  
And so the ride continues.  Stocks are back down again and bonds are back up.  As the prospect of a bailout plan waivers so do the markets.  The charts and economic analysis are out the window for the … (0 comments)

Chicago War Zone Information - 10/01/08 11:17 AM
Chicago War Zone Information
Body count -- in the last six months 292 killed (murdered) in Chicago, 221 killed in Iraq.
Senators Barack Obama & Dick Durbin, Rep. Jesse Jackson Jr., Governor Rod Blogojevich, House leader Mike Madigan, Attorney General Lisa Madigan, Mayor Richard Daley...our leadership in Illinois...all Democrats. Thank you for the combat zone in Chicago. Of course they're all blaming each other. Can't blame Republicans, there aren't any!
IllinoisStatepension fund -- $44 Billion in debt, worst in country.
CookCounty(Chicago) sales tax -- 10.25% highest in country. (Look 'em up if you want).
Chicagoschool system -- one of the worst … (0 comments)