Market Insights for today...

FNMA 4% lost 12 bps in the session today...after bouncing off the "ceiling of resistance" that is currently the 25 day moving average. The bond closed at $99.91.

Dow gained 127 points today recovering a fair amount of what it lost yesterday. Financial stocks actually helped today after Geithner testified before the committee overseeing the "TARP" money disbursements. HE mentioned that most banks were adequately capitalized. This was great news to the markets and much of the erosion after yesterday's fed hint that "preferred stock" was being "converted" to common stock was removed. It is really like a balancing act...

No reports came out today...and just the Crude inventories report is coming out tomorrow. NO major reports have been out for several days and it has been interesting to watch the market look for shreds of news to react to. When reports are coming out...most analysts can make predictions on them and investors are not usually surprised or excited by them when they are finally released. With nothing to count on but the news that is more often unexpected: investors are standing by waiting to move more money into their mattress or into the markets.

Have a great evening!