Today was a pretty non-eventful day with the market opening a - TopicsExpress

Today was a pretty non-eventful day with the market opening a little worse than Friday, but then improved with October’s Pending Home Sales coming in worse than expected. Then the selling of 95 Billion in Treasuries with a rating of A- (anything in the A’s would normally be good), then we saw a retraction of the gains. Tomorrow has more economic data that should swing the market. We have Housing Starts for Sept. and Oct., Building permits for the same, Housing Price Index and Consumer Confidence. These will all affect the bond market (thus interest rates). I suspect we will have an improvement in interest rates tomorrow … keep your fingers crossed!

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