Posted To: MBS Commentary

One of the best things to keep in mind not just for financial markets but for life in general is that explanations are rarely black and white when it comes to phenomena that aren't simple, obvious, or rooted in the laws of physics. Moreover, there are phenomena that aren't worth explaining or understanding despite the fact that human nature compels us to explain and understand just about everything. This happens quite often in financial markets. Sometimes, it happens even when the market movement makes it seem like something important is happening. Today is one of those days. There are always a few questions you can ask yourself before listening to anything anyone else has to say. The very first thing to do is this: BACK AWAY FROM THE CHART! Are you freaking out (relatively) after looking…(read more)

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Source: Mortgage News Daily