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Tuesday, March 15, 2005

Tuesday AM Surprise

Bonds are at +12/32 and our market is about .15 - .20 basis points better this AM. Retail Sales came in a little lower than expected at +.5. The big news is a report showed foreign investors bought a huge amount of our treasuries in January versa the month before. Old but good news gave us a rally. But our dollar is still very weak and oil prices are very unstable. Don't look a gift horse in the mouth. DO YOU KNOW THE MEANING OF THAT PHRASE? Take advantage of these rallies and sell into them not after them. "Lock as you go and count the cash flow" Enjoy the day and stay tuned.

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