January 27, 2014
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That The Powerful Play Goes On And You May Contribute A Verse…What Will My Verse Be?
In Friday’s post I shared the Apple commercial that captures the essence of one of my all-time favorite movies, Dead Poet’s Society. I’ve been thinking about what my verse is/was. At one point I thought it was to help others by practicing law. And then later in my career perhaps to help others become better salespersons since my role had been a sales/branch manager. I seriously thought at one point that I was meant to be a role model or motivational speaker for those looking for success and balance…but in hindsight I think this was more arrogance than anything else. I suppose the verse changes over time…I wonder what my verse is yet to be? If I’m to look through my future eyes, I want my verse to be that I was always improving as a father, a husband, a son, a brother, a friend, and a person. I’ve got a lot of work to do….
My Post From Friday: What Will Your Verse Be?
My Schedule: I have a meeting at 11:00 and otherwise available…
My Market Watch: Bonds Down But Prices The Same As Friday Morning…For Now… The 30-year Fannie Mae bond is down -22bps so far. The reason for the decline in bond prices is a direct result of the stock market’s attempt to rebound from last week’s fall. As i said on Friday, there is an inverse relationship between the stock market and the bond market…most of the time. It’s not always true, but it’s a reliable analysis.
When the stock market is performing well investors pull money out of bonds to invest in stocks and when that happens our rates/pricing get worse. Conversely, when the stock market is doing poorly investors sell off their stocks and invest in bonds instead and when that happens our rates/pricing improve.
With bond prices already down -22bps this morning, I’d be worried about an impending mid-day reprice for the worse.