Clint 's Blog

Dow points lower, NASDAQ as well. MBS open up 9bp ahead of the jobs number. More to come after the jobs report is released.

We've had, to say the least, a very interesting week. The markets have gone to great length to prove how bipolar they are and just how volatile they can be. One 800 pound gorilla is the bailout plan that passed, didn't pass, was re-passed, and now on the table for the house to revisit tomorrow. T...

The sky is falling, the sky is falling.....our congress was more concerned with verbiage and procedure than they were with taking action so they didn't pass the bail out and the markets we're a little peeved. When "the manner in which we'll vote" takes up your time and you have to get out of ther...

No one can sell anything unless you believe in your product, believe in yourself, and project a positive and upbeat attitude and disposition. That means having the ability to spin anything as a positive. Stocks are down, the dow has lost 290 points as of 11:22am, the NASDAQ has lost 85 points and...

Indymac- check. Countrywide- check. Bear Stearns- check. Lehman Bros- check. Who are we missing? That's right, Washington Mutual. I knew I was leaving out the largest bank failure in US history. Anything else? Oh, yeah, the bail out stalled I think immediately after I posted last nights entry. I ...

Although it was not as initially proposed by The Hammer Hank Paulson, the bail out was agreed on in principle today. The $700 billion plus proposal was scaled back to $250 billion of immediately available funds with and additional $350 billion that could be accessed and only prevented from access...

Existing home sales came in lower than expected. 4.91 million compared to the consensus estimated of 4.93 million. Even bigger news was the fact that the median home price in the US declined 9.7%. Down to $203,100 average sales price. So let's talk about why this is so important if you want to su...

Big day in the financial world today. Bernanke and Paulson testified on The Hill about the $700 BILLION, I still don't even think that's a real number, plan to bail out the markets and bring an end to this mess. Of course the government has always been oh so efficient at "fixing things" so I'm su...

Alrighty....I'm done predicted anything exact because it's impossible and I'm too proud to be wrong more than a couple times...tops! Stock market tanked 372 points (closing at 11,015), the NASDAQ shed 95 points (2,178 close) and the S&P rid itself of Friday's gains to the tune of 48 points (closi...

Part 1 one of 5: With an ever increasing number of guideline changes and borrowing money becoming more and more difficult, we have to be able to advise our clients of things they can do in order to help the process out. Income is one that immediate change is often not an option. Assets, with time...