Based on a conversation I had over the weekend, I thought I would share some information gathered about the popular GNMA (Ginnie Mae) bonds. Most investors have heard of Mortgage Backed Securities (MBS) because they have been the cause of many…
Yom Kippur today marks a non-market-honored Holiday today. Expect light trading volume and possible large market movements. Tomorrow brings us closer to end of the month, and quarter end. Buckle Up! JK
As I read today’s headlines, our Merger Monday theme seems to be in the sweet spot. (Links are hot for your viewing.) From the NY Times “Xerox Buys Affiliated Computer for $6.4 Billion” From the Financial Times “Abbott in €4.5bn…
It looks like to us mark ups are being trumped by a much needed market rest. Yom Kippur a Jewish Holiday on Monday along with a much needed rest may lead to a squishy market for the next few days.…
Today at 1:15 PM Central time the Fed will release it’s statement concerning interest rates. Several years ago I had the opportunity to hear a former Greenspan era Fed Governor discuss what actually happens during a normal fed meeting. I…
As we near the end of a month, and especially a quarter, there is a natural pressure upwards in the capital markets as professional investors rush to invest their cash and posture for the many printed reports that will be…
Last week we mentioned “Merger Monday’s” in a post Merger Monday’s Again–Maybe, but with no major merger announced. Today with Austin Texas base Dell, announcing a buyout of Dallas Texas based Perot systems, we find that in fact “Merger Monday’s” do…
As the Capital Markets move up at an astonishing pace you can almost hear some investors screaming, “I Missed It.” The chase is on as many investors were waiting and expecting a major pullback which has not transpired at this…
Yesterday we mentioned we are a slave to the Headlines as we are still a few weeks away from earnings. A Slave to Headlines Without Earnings Today we thought we would give you a heads up on our regular weekly economic…
Given we are several weeks away from the 90 day treadmill called earnings, we are stuck with headlines for short term market direction as investors look for clues. The quiet period (30 days before earnings, in which companies do not mention their expectations) prior to earnings,…
