The Dow closed today at 8851. In October of last year, the Dow had reached a milestone of over 14,000.  Many people, myself included, open mutual fund statements with great trepidation…in fact, I haven’t even looked at statements over the past couple of months, as we are in for the long haul and expect ups […]

Weekly Mortgage Review
November 5, 2008
 
Last Week
Although the US economy has been widely speculated to already be in a recession, the first hard core signs appeared in this morning’s 3rd Quarter Advance GDP. The textbook definition of a recession is two consecutive quarters of negative GDP…and this morning’s report showed the economy contracting at a -0.3% […]