Thursday, December 09, 2010

Improving Economy = Rising Interest Rates

Better jobs numbers today indicate that the economy is on the move as the lagging indicator catches up.

I think it's okay to still say "generational low" for mortgage rates. Under 5% on a 30-year mortgage is a home run.

Claims for unemployment benefits dropped. And the market is looking at more stimulus with the tax cut compromise between President Obama and the Republicans.

I remain 100% long. My feeling is that nobody is going to rush out and sell their 2010 gains before year end and create a tax hit for the upcoming tax filing season. In addition funds will want to keep the winners on the books for the year-end statements.

Just thinking out loud!

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