Market Comment
Stocks are soaring and Bonds are headed lower this morning, as news from Europe is once again influencing trading around the world.
To help address growing debt concerns, the European Central Bank along with the International Monetary Fund unveiled a $955 Billion loan package. Additionally, in a plan similar to our TARP plan in the US, the European Central Bank will purchase Bonds and private debt of countries facing instability like Greece, Portugal, Ireland, and Spain.
I'll continue to monitor the situation to see how it impacts the markets. In the meantime, I recommend floating for now, but be prepared to lock if last week's volatility continues today.
Leonard Winslow, New American Mortgage, Charlottesville
434-760-2580 (cell)
leonard.winslow@newamerican.com
www.newamerican.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112
To help address growing debt concerns, the European Central Bank along with the International Monetary Fund unveiled a $955 Billion loan package. Additionally, in a plan similar to our TARP plan in the US, the European Central Bank will purchase Bonds and private debt of countries facing instability like Greece, Portugal, Ireland, and Spain.
I'll continue to monitor the situation to see how it impacts the markets. In the meantime, I recommend floating for now, but be prepared to lock if last week's volatility continues today.
Leonard Winslow, New American Mortgage, Charlottesville
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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