Monday, July 21, 2008
Someone find a pulse on the bond. After last weeks tumble, the bond is laying flat today hoping for some better news. With banks posting better than expected losses (that right a good loss), and Junes Leading Economic Indicators dropping only .1%, investors are having a hard time buying anything today. Ading wet wood to the fire Forty-five percent of economists believe the economy will either not grow or will come in at a small 1% pace in the last six months of this year, according the National Association for Business Economics just released. With last month's number revised down to .2%, a storm threatening Texas, and nuclear talks with Iran breaking down over the weekend, oil may be the winner today. I still recommend locking, but keep a keen eye out for a quick reaction right before closing. The investors have a large amount to digest today.
Karl Menzer
435-849-0212
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