tooele homes: Daily Bond Report - 08/08/08 01:36 PM
Friday, August 08, 2008
With Fannie Mae announcing that their second quarter earnings were three times less than what analysts expected and their CEO stating that they are expecting it to get worse, it would seem logical that the bond and stock market would follow past trends and would both tank... … (1 comments)
tooele homes: The Daily Bond Report - 08/01/08 11:17 AM
Friday, August 01, 2008
Unemployment jumped to 5.7% beating estimates, but June employment payrolls 17,000 less than expected. Who makes these estimates!?!?!?! So far, the economy has lost a total of 463,000 jobs this year. Alan Greenspan, famous for being pulled out of the mothballs and dusted off, talked about what … (0 comments)
tooele homes: The Daily Bond Report - 07/31/08 02:03 PM
Thursday, July 31, 2008
I have a real problem accepting the price of gas when once again Exxon reported record profits... they did miss what analyst expected though. Off my soapbox. The second quarter GDP rose 1.9%, nearly doubling last quarter, but less than the 2% analysts were hoping for. Sounds … (0 comments)
tooele homes: The Daily Bond Report - 07/30/08 12:24 PM
Wednesday, July 30, 2008
Let's start with the bad news and work our way to good. Mortgage applications dropped 14.1% to levels not seen since 2000, with purchase applications down 7.8%. This is understandable in our ever tightening loan market. With rates up and concerns on inflation being the biggest reason, … (0 comments)
tooele homes: The Daily Bond Report - 07/29/08 01:17 PM
Tuesday, July 29, 2008
When bad news goes good... bonds took a slight nosedive today after investment bank Merrill Lynch said late Monday it would take a $5.7 billion write-down and sell off $30 billion in mortgage backed securities (MBS) this quarter.... At 1/5th their face value. They are doing this, … (0 comments)
tooele homes: The Daily Bond - 07/28/08 01:49 PM
Monday, July 28, 2008
Today is a sure float day... for now. With a number of economic reports due out this week, today's happy bond day is due to the sad stock day. Thankfully oil is in a holding pattern even though there was a small bombing issue on one of … (1 comments)
tooele homes: daily bond market for tooele, utah, weber, and davis county - 04/17/08 09:51 AM
Stocks are on a major rally today over earnings reports. Coca-Cola and Intel both reported better than expected earnings while JP Morgan's earnings declined by 50% (ONLY). With the JP earnings we see once again how the not so bad news can be turned into gold. The CPI (consumer price index) … (0 comments)
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