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Stocks Shake Rattle and Roll

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Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

What a topsy turvy road stocks have been taking of late.  The sometimes suspect ADP new jobs reported more than 215,000 new jobs were created in November.  As I have been saying of late, this should have sent stocks soaring, but because a good economy could cause and earlier tapering of the $85 billion monthly purchasing of Treasuries and MBS bonds by the FED, stocks sold off sharply.  Only when the Beige Book painted a less healthy picture of the economy did stocks recover much of their losses.  The Dow was off 24 points on the day.

Barbara Altieri
Better Homes and Gardens RE Shore and Country Properties - Shelton, CT
REALTOR-Fairfield County CT Homes/Condos For Sale

Jeff -- So nice to meet you at the meetup yesterday. When I heard the ADP report this morning I certainly expected a better stock day.  'Sometimes suspect'?  I agree.

Dec 04, 2013 10:43 AM