What a move in the market today! You rarely see moves like this in our market. Now the Hang Seng seems to move big percentages everyday, but the US market…not very often. If you bought yesterday, you had a great gain today. Yesterday, I had an order for some April 133 SPY calls at $1.60. [...]
Filed under: The Market | Tagged: 401k, big market move, DJIA, Fed, futures, NYX, rally, SPY, yield curve | Leave a Comment »
The Fed’s recent action to essentially allow trading of treasuries for mortgage backed securities to agencies seems like a drug and alcohol rehab program. The only difference is that it doesn’t star Sandra Bullock. Don’t get me wrong, I am totally in favor of any tool the Fed puts in place to help. But 28 [...]
Filed under: The Market | Tagged: agency lending, Fed | Leave a Comment »
Last night’s drive to Shreveport was grueling. When I left about 6:30pm from Lake Charles, it was pouring down rain. Streets were flooding. Everyone was driving slow with wipers on full blast. It didn’t really let up until I got to DeRidder. Oh, by the way, the construction done on Highway 171 between Lake Charles [...]
Filed under: Travel | 1 Comment »
