Search This Blog

Thursday, June 3, 2010

Market Teetering


Read and comment on the post below this one! With that said... here's a look at today's market. Interest rates are getting worse right now, but they are still incredibly low. We've avoided a major sell off (thank the almighty) but must now prepare for a slow retraction similar to bleeding out from a gut shot.

At least it gives us a little time to get clients into homes before we see a big jump in rates. The jobs report tomorrow is something we're all interested in, but recognize it for what it is - a whole lot of government jobs that are unsustainable, a point investors are already discussing. Regardless it will be the guiding force in tomorrows market.

No comments:

Post a Comment