Tuesday, March 11, 2008

Stocks Bounce

Today's decision by the Fed to allow certain types of debt, including mortgages, to be used as collateral in exchange for additional borrowing from the Fed helped stocks rally. The move is seen as stabilizing the mortgage markets. This may be an opportunity to get out of some of the financials on the bounce. It should be interesting to see how the markets trade the rest of the week.

As a side note, you can view CMBX Indices on the web.


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