Phil Grossfield's Blog

I’m Off The Grid Tomorrow.  I am taking the day off to spend with my wife. No kids, no dogs, no cats, no work. I will have contact information of those covering for me available tomorrow.

American Idol. I’ve decided to leave the mortgage industry and become a professional American Idol critic.  This way I can legitimately analyze the performances and live in a van down by the river.  Last night Amber was the best, then Candace, Angie, and Kree in that order. I’ve had Amber running first for weeks now…she is peaking at the right time and just keeps getting better and better. Although Candace is awesome, I feel she peaked a few weeks ago when she blew everyone away…now despite incredible performances, she just isn’t  measuring up to that one day when she sang on April 11. Angie is great and is my brother’s favorite…she has a different thing going on since she writes her own music and plays the piano…and she is a great singer. But if you’re comparing the purity of her voice to Candace and Amber and even Kree, she comes in 4th. Nonetheless, because Kree missed the mark last night, Angie moved into third place as far as I’m concerned.

My Market Watch:  Pricing is the same since Friday…our pricing hasn’t moved. Again, with rates/pricing stagnant it makes me uneasy, like something is about to pop. And as I asked yesterday the question is which way does the balloon fly? The economic reports have not been strong but what confuses me is the relative non-response by traders to invest more in bonds. Again, trying to get a handle on the direction of the market can be similar to trying to work out all the time travel for the Terminator…it hurts my head. Any thoughts?
My Schedule:  I have a conference call this morning at 10a and otherwise available. Please note, I rarely answer my phone before 10:30a as I use this time to catch up on the previous day’s business and prepare the remainder of the day….

Walk With Me For A Cure for Cystic Fibrosis. Our family is walking again this year to find a cure for CF, a life-limiting illness. We walk for our friends pictured, Ashton (age 11) and Lola (age 7). The average life expectancy of someone with CF is 37…let’s change that! Click here to donate or join me and walk with my family on May 19th…email me for details. Every penny helps find a cure. THANKS!