05/28/2009… Happy Birthday to me =)
Little tipsy but had to get this off my chest… man…
Is anyone watching the bond market? The bond market has been getting killed, clobbered, tanked, murdered, thrown under a bus… you get he point… what – they went up 200 point in one day on the yield!!! 3.5 to 3.7… What… from May 18 the yield went from — 3.1 to 3.7… WOW, just incredible!!!
Crazy stuff… it went 2% to 3.7%… whats next? 4% next week? I just wonder what will happen to the interest rates… HmMmMMmmmmm
If you picked up bonds in late 08… I think your down like 30-40% (I suck at math so don’t quote me)… I think this was one of the BIGGEST head fake!!!
My thing is this… How the heck is the Fed’s going to react? Let me guess…. they’ll BUY MORE BONDS!!! I pray they won’t but they will…
Now… what is this going to do to the real estate market? Fannie and Freddie who’s offering rates lower than the “regular” interest rates… doesn’t this mean they are now acting more irresponsibly then before they got bailed out? Market recovering? Take a wild guess on my opinion =)
Well the good thing is… the dollar wasn’t sold off today…how long will it last…
My 2 cent– DON’T LISTEN TO THE NOISE!!! Cover your ears and look at the fundamentals…
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