Sept 24th Market Update - 09/24/08 10:19 AM
Good Morning,
In the continuance of this volatile market, we saw a brief lowering of rates late afternoon yesterday as Warren Buffett made a sizable investment in Goldman Sachs. Those market gains were reversed this morning as the conversation between the federal bank and the government in regards to a potential $700 Billion bailout for the financial industry has been going back and forth the entire week. There will be several statements released today from both sides of the table in regards to this and as it affects confidence in the market, it will also shift what direction interest rates take. … (0 comments)

September 17th Market Update - 09/17/08 09:55 AM
Over the past few weeks, rates have been acting like a yo-yo after between one bailout to the next bankruptcy. Rates dropped sharply last week when the Government decided to bail out Fannie Mae and Freddie Mac. This past Friday, we saw rates spike upward almost reducing all gains that we had seen earlier in the week due mainly to investors getting skittish on rising bond prices. On Monday the announcement of Lehman Brothers Bankruptcy and the Federal decision to not help them out led rates back down to the levels we had seen the previous week. This trend was reversed … (0 comments)

September 3rd Market Conditions - 09/03/08 09:49 AM
Good morning,
Lately the name of the game has been oil (http://money.cnn.com/2008/09/03/markets/markets_newyork/index.htm?postversion=2008090310) .
I find it funny that one thing can affect the entire economy so dramatically from week to week. As you will see below, rates took a massive drop this week. There are no major economic reports being released so trading has been made based off of speculation and it appears that the stock market was expecting Gustav to cause more damage to the oil industry than it did. Fortunately for the people who are living in the wake of yet another hurricane, this one seemed to cause much … (0 comments)