Friday, March 5, 2021

Workweek in the Books

 Another workweek is almost in the books. The arrival of Friday is celebrated and the beginning of the awaited weekend in upon us. 

From The Wall Street Journal
Sadly, it has been an abysmal week for the stock market and investments. It seems the bottom has fallen out and the optimism which once was pervasive is evaporating and the bears have come out of their winter slumber. It is weird when I look at the markets and say to myself, "Oh, I only lost that much?" And the outlook is not much better for today based upon comments by the Fed chairman regarding interest rates.

In a foreboding piece of news, it was reported that the 30-year home mortgage rate topped 3 percent for the first time since July. I was really enjoying the hot house selling market. Being a sellers market was really driving up prices. I knew it couldn't last, but I had hoped that it would. 

Well, the weekend cannot come too quickly to give everyone a breather. 

-- Bob Doan, Elkridge, MD

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