Oil is trading in the 70 dollar range again! Oil Inventories report came out showing that we have more refined gasoline than we expected and with "supply" up...the price came down some. The dollar gained some strength today which affected that as well.
Gold is down about $100 bucks over the last 4 sessions and closed out at $1121 an ounce.
FNMA 4.5% is down about 16 basis points after spending most of the day underwater. Today's t-note auction did not go over too well.
Dow closed up at about 10,337 for the day posting a modest gain of 51 points. Nasdaq and S&P were also up on the day.
Treasury extends the TARP funds availability...with some minor changes. There is about 309.5 billion dollars left that was set aside to stabilize our economy. Looks like a renewed effort is intended with the money to help out some of the 8-13 MILLION foreclosures that are expected to take place over the next 5 years.
The TARP became such a great "honey pot for swindlers" as I have heard it called...we will have to see what becomes of the rest of this money. (250 billion was givent out to banks alone...)
Cheers!
Chad
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Chad Schauers
Have you metChad?
MetLife Home Loans
406.522.0922
406.522.0924 (fax)
1924 W. Stevens, Ste. 202
Bozeman, MT 59718
Cell: 406 799 8613
cschauers@metlife.com
--
Chad Schauers
Have you metChad?
MetLife Home Loans
406.522.0922
406.522.0924 (fax)
1924 W. Stevens, Ste. 202
Bozeman, MT 59718
Cell: 406 799 8613
cschauers@metlife.com
