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.
As a side note, you can view CMBX Indices on the web.
posted by Big Ben at Tuesday, March 11, 2008
12 Comments:
Have been reading the big ben blog, well done! Does anyone have an opinion on gold, the growing uncertainty on the stock market has caused such investments to grow to record levels.
Nice Tips, BB =) Keep up the good work.
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I'm an editor for seekingalpha.com. Please contact me at your earliest convenience at acarmel@seekingalpha.com. Abby
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It is interesting to observe of dynamics of the prices for gold today
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