Tuesday, November 2, 2010
Calm and quiet before election and FOMC results
Not much to report this morning as we are seeing low volume trading.. Rates are still higher than the close of last week but holding steady from Monday. We don't expect to see much movement either today or tomorrow morning till the FOMC announcement Wednesday afternoon. The stock markets have been rallying in the expectation of a major decision concerning Quantitative Easing II. This could have very positive influence on lowering interest rates in the weeks to come. Stay Tuned! As the saying goes "play the range till the range plays you".
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