Monday, December 3, 2007

Mixed day again

Today's turning out to be another mixed day. It looks like traders need a breather after excitement in the last 4 days. The NYSE recovered after early morning losses, taking the Dow above break even. Advancers equal decliners, not a lot going on so far. Henry Paulson, Treasury Secretary, expects an agreement to help thousands of homeowners avoid mortgage defaults by temporarily holding their interest rates steady. Paulson also said this is the worst housing pullback in more than 20 years. The Treasury bond's interest rate is 3.94% and oil pulled back to 87. Earlier, overseas markets were mixed. Enjoy the quiet day, I think more excitement lays ahead.

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