Stocks are facing selling pressure this morning, as fears of a global recession have ticked up on the heels of poor earnings reports by Merck, Wachovia, and Boeing. As a result, Bonds are trading higher.
In other news, oil is trading at the lowest levels since August 2007, which is good news for inflation and is also adding to the boost in Bonds.
There are no economic reports to sway the markets today.
“Your Partner In Success!”
Tony Frerking
Sr. Mortgage Consultant
PMZ Home Loans
1600 N. Carpenter Rd. Ste. C
Modesto, CA 95351
(209) 404-2200 - Phone
(209) 254-7142 - Fax