Video Mortgage and Financial Market Update for Dec 8th

Hello Friends, I hope you all had a great weekend. Well this is a good way to start a Monday morning. The DOW is on a rally this morning, it was up as high as 300 but has receded a bit, currently up 230 as I type. Also good news, mortgage backed securities were down due to the stocks rallying but they have recovered and slightly crept into positive territory. Why the rally? Well, the Big 3 automakers may have an answer they were looking for as legislators appear to be coming up with a "win/win" for the corporate giants and tax payers. Also, President Elect Obama stated early today that there will be a mass infusion of money into the infrastructure of the US once he gets into office, this excited traders and started the week off on a good note. With this though, oil prices have climbed on the positive news and have gained back about $4 per barrel. There is an interesting financial dynamic occurring, setting up a big stock rally for the first of the year with nearly 30% of hedge fund managers parked on the sidelines with cash. Also, mortgage backed securities are set up to become more valuable as the Treasury and the Fed Bank's commitment of backing new mortgages will be available the first of the year, $600 billion that is. Please watch the video for an explanation on why this most likely will occur. Be Blessed!