Hey there! For those of you who get this letter directly, here is a copy of my Christmas letter!
Thanks for all you do for your business, family and community.
Quick warning though: I reference the "reason" for the season in it...so if you are offended by
talk of God, I wouldn't be offended if you don't open it.
FNMA 4.5% was down again today after the poor treasury auction results were reported.
The good news: initial jobless claims on average are lower than they have been for a year. 457,000 lost vs. the 483,000 loss we
expected.
Dow closed at 10,405 which was up 68 points.
Cheers,
Chad
