Alan's Blog

August 21st, 2008 10:32 AM

Bonds have bounced up and down this morning, but are currently making a recovery.

In other news, the four-week average of new unemployment claims now sits at its highest level since the recession of 2001. However, the report may be somewhat skewed by a new federal program.

Overall, Bonds have been pushed into 'overbought' territory, which may limit further gains. For now, I recommend floating, but I will be watching closely and will alert you of any changes.

Posted by Alan McNamee on August 21st, 2008 10:32 AMPost a Comment (0)

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