Profit Taking Moves Stocks Slightly Lower

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

After yesterday's sell off in stocks, European and other foreign markets followed suit today.  Stock futures here opened lower and a trend of moderates losses today coincided with some profit taking.  Amazingly ADP reported 190,000 new non-farm job creations in November in exact alignment with expectations.  The Mortgage Bankers Association reported that the average conforming 30 year rate fell from 4.20 to 4.19% last week.  The Dow was down a meager 39 points today.

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Rainmaker
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Day traders playing with the market.  They cause a lot of chaose.

Dec 06, 2017 04:46 PM #1
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Rainmaker
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Jeff Jensen

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