Why Bonds WHY?!?!?!!! Unlimited LTV HARP 2.0?!
March 15, 2012
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My Schedule…and a little extra: I tried to warn you…bonds got ripped yesterday…read below…. We’re launching HARP 2.0 today or tomorrow. Rumor is we’ll have aggressive terms…more to come…. Mystery Lyric: Who propped you up when you were stopped low motivation, had you on the ground — I know your first reaction you slide away – hide away goodbye — But if there’s a doubt maybe I can give out, a thousand reasons why…you have to say it isn’t so — Answer. My Market Watch: Yesterday the blank hit the fan…why? Well, there were several factors. First, the Fed made a statement essentially saying the economy was improving while the bond market remained distressed. Moreover, they failed to mention anything about QE3. To a trader this means ‘buy stocks now and sell bonds!’ Second, the Fed said inflation might be on the rise…‘sell bonds!’ Third, JP Morgan reports positive news…‘buy stocks!’ Simply put, traders look for a reason to buy and sell…they watch reports, domestic politics, geopolitical news, or statements made by the powerful, i.e., the Fed. Then they interpret that information to make a decision…if their interpretation is the economy is strong, then they buy stocks and typically sell off bonds at the same time. Conversely, if their interpretation is the economy is weak, then they sell of stocks and typically buy bonds. When bonds are sold off rates get worse. If you look at all the news in the last week, it’s been focused on a stronger economy…rates have suffered as a result. Does that make sense? My Schedule: Behind the computer all day….
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- We are announcing our launch of HARP 2.0 today or tomorrow…standby for more information….
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