Market Comment
Stocks and Bonds are near unchanged this morning, as Stock investors feel concerned over the fragile economy and Bond players await the Treasury Department's auction results this afternoon.
The concerns in Europe have been weighing on Stocks recently. Last night, however, Fed Chairman Ben Bernanke took an optimistic tone, saying that he feels the US economy has enough momentum to avoid a double-dip recession.
I recommend floating for now, since Bonds are testing a tough level of resistance. But the markets are still very volatile, so be prepared to lock if the situation changes.
Leonard Winslow, New American Mortgage, Charlottesville
NMLS # 265272
434-760-2580 (cell)
leonard.winslow@newamerican.com
www.newamerican.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112
The concerns in Europe have been weighing on Stocks recently. Last night, however, Fed Chairman Ben Bernanke took an optimistic tone, saying that he feels the US economy has enough momentum to avoid a double-dip recession.
I recommend floating for now, since Bonds are testing a tough level of resistance. But the markets are still very volatile, so be prepared to lock if the situation changes.
Leonard Winslow, New American Mortgage, Charlottesville
NMLS # 265272
434-760-2580 (cell)
leonard.winslow@newamerican.com
www.newamerican.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112
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