Financial Update #1/ Week of September 21, 2009

Good Morning Everyone and Happy Monday!

There are no major news releases this morning except for a report of the leading indicators for August which showed an increase, but not as much of an increase as analysts were expecting. This may have had something to do with the turn around this morning, but this is a pattern we keep seeing over and over again. The stock market dropped off a cliff at the opening bell this morning, but the bulls were right there to snatch up the drop and bring us back almost to even within a couple hours. One of these days, we think, the bulls won’t be there to buy in and we’ll continue the slide for a near 10% correction. Maybe it will start this week.

Jumbo Financing is BACK, to $1,000,000 on 5/1 ARM offerings…email or call for details!

I will be in the office all day today . . . call me here or better yet email me if I can help you out in any way. Have a terrific Monday and a very prosperous week!