After all the big Fed news from earlier this week, Bonds began the day on the quiet side as they attempt to regain some of yesterday's losses.
Meanwhile, the Job market continues to struggle. The four-week average of new Jobless Claims reached the highest level since December 1982, while the four-week average of continuing Claims is the highest since January 1983.
I recommend floating as Bonds try to move higher again. If anything changes, I will let you know.
Thursday, December 18, 2008
Market Watch 12.18.08
Labels:
banks,
bonds,
central banks,
economy,
federal funds rate,
feds,
hedge fund,
mortgage,
mortgage rates,
mortgage watch,
stocks
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