Divergent economic news

by | Aug 8, 2011 | Matt's Anecdotes

Last week’s 30 year mortgage’s were at a low of 4.39%. Then the downgrade of America’s credit happened on Friday, August 5. Today the market did not respond well to the President’s press conference at all and the NYSE plummeted to the close at -639 or down 5.5%.

What does it all mean? Strap in and get ready for a crazy ride.

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