Thursday, December 9, 2010

Market Comment 12 09 10

Interest rates suddenly rose this week causing a decline in government bonds.  While many bond funds are being affected, junk bond funds are holding up very well. Convertible bond funds are also doing quite well.

Due to unresolved issues concerning the Bush tax cut extention, the  market environment is uncertain. Until the tax issues are settled, choppy market action will likely be the norm. Once the tax issues are settled we'll see what trends develop then.

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