Return to the Buying and Selling Homes Forum | Post a Follow-Up

 o
Beware the Stocks Headfake

Posted by dave_donhoff (dwdonhoff@hotmail.com) on
Mon, Nov 16, 09 at 16:20

Beware the Stocks Headfake

[NOTE: GREEN means interest rates dropping, RED means rates rising.]

The "Safety Repositories" (Mortgage Securities) are rallying strongly;
2009-11-16 FNMA 4_5 Quarterly Ratewatch

http://screencast.com/t/MTcxYTg1

Testing (3rd time) their alltime high resistance levels;
2009-11-16 FNMA 4_5 Annual Ratewatch

http://screencast.com/t/NjZhOGZhMjE

Just secured this... amazing pricing... could yet get better;
Jumbo 30 FRM Locked at 4.5% (1.375 Discount) on 30 days

http://screencast.com/t/OTA1MDlmY

Despite the fed/treasury distortion on the morgybacks, I deem that trading crowd "more honest" than the S&P/Dow et al. I suspect the security rally is now a blow-off fade...

Finance is fun!
Dave Donhoff
Leverage Planner


Follow-Up Postings:

 o
RE: Beware the Stocks Headfake

It's a pattern that's become common in the last few years. Fund mgrs pile in - although in this year it's been more like a gradual slide, LOL - because this is their last chance to pump up ROI to ensure not only their bonuses, but continued employment [grin].

Virtually every day has seen light volumes. This exacerbates the market swings.

The fund mgrs who don't believe this market has real 'legs' will start pulling out after Thanksgiving. Still very few signs of increasing revenues, although massive cost-cutting has enabled most companies to beat year-over-year earnings estimates. But as we all know, those estimates were deliberately set very low to start with.


 o Post a Follow-Up

Please Note: Only registered members are able to post messages to this forum.

    If you are a member, please log in.

    If you aren't yet a member, join now!


Return to the Buying and Selling Homes Forum

Information about Posting

  • You must be logged in to post a message. Once you are logged in, a posting window will appear at the bottom of the messages. If you are not a member, please register for an account.
  • Posting is a two-step process. Once you have composed your message, you will be taken to the preview page. You will then have a chance to review your post, make changes and upload photos.
  • After posting your message, you may need to refresh the forum page in order to see it.
  • Before posting copyrighted material, please read about Copyright and Fair Use.
  • We have a strict no-advertising policy!
  • If you would like to practice posting or uploading photos, please visit our Test forum.
  • If you need assistance, please Contact Us and we will be happy to help.


Learn more about in-text links on this page here