Wednesday, August 27, 2008

Rate Watch 8/27/08: Carefully Floating

Durable Goods orders Report for July was released and was much more favorable than expected, along with Atlanta Federal Reserve Presedent Lockhart's comments about inflation pressures easing, has created selling pressure in the Bond Market and improvement in the stock market this morning. There is also concern about the path of Hurricane Gustav, and the possible disruption of oil supply in the Gulf of Mexico. For now I recommend Carefully Floating, but will be watching the markets very closely today and advise you of any change in direction.

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