Monday, July 28, 2008
Today is a sure float day... for now. With a number of economic reports due out this week, today's happy bond day is due to the sad stock day. Thankfully oil is in a holding pattern even though there was a small bombing issue on one of the pipelines. What is really giving a boost today is not only the approval of the new housing bill, but that the president is also expected to sign it. The latest addition will not only extend the ability for the Federal government to lend money to Freddie and Fannie, but also buy stock when needed. We have once again moved back above the level of support, and with the strong support for Freddie and Fannie, we should see the levels stay that way barring any major news.
As always, if you have any questions, please don't hesitate to call or e-mail.
Karl Menzer
435-849-0212
Hi Karl,
Thanks for the update. Have a nice week. Michael A. Caruso