Investors should take notice that March 31, 2010 is a key date for the global financial markets for three reasons:
March 31st marks the end of the quarter for all mutual funds, hedge funds, professional money managers and any other financial institution who manage money. Since the S&P 500 advanced by approximately 5% for the quarter [...]
Gross said the situation remains precarious. His investment has repeatedly called the “new normal” of much slower growth rate than what the normal has been over the last 20 years. With another drop possible and continued deflation, he said 30-year bonds with a yield of 4.13 to 4.15 percent would become attractive.
Mortgage securities rallied after the US Federal Reserve Bank announced that it would purchase $600 Billion in mortgage backed securities. Under the plan, the Fed will buy up to $500 billion in mortgage-based securities backed by Fannie Mae, Freddie Mac, and Ginnie Mae, all government corporations. On the announcement rates on 30 year mortgages fell [...]
The market ended Friday November 21, 2008 with a 500 point “sucker rally”, which was caused by the announcement of President Elect Obama’s Treasury Secretary appointee, Timothy Geithner. Another reason could be that Geithner is the President of the NY Federal Reserve and he would be the one to oversee a bailout of Citigroup. Since [...]
Written by Michael Markowski on
March 31, 2010 – 10:40 am
