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Awaiting the Taper Talk

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

After opening lower stocks stayed in the red pretty much all day.  Late in the session they actually edged into the black prior to closing slightly down.  That was not a bad performance considering yesterday's gains and the impending entrance of the elephant in the room.  Yes tomorrow's colossal story will be the comments issued by the FED regarding its decision on whether or not to begin slowing the purchases of Treasuries and MBS bonds or tapering.  Let's hope for a delay!

Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

I have mixed feelings. We should ease out of the FED buying as much paper as they do. I could live with starting to taper.

Make it a great evening Jeff!

Dec 17, 2013 07:47 AM