Optionsellers.com

Good afternoon. This is James Cordier of OptionSellers.com with a market update for October 6th. Well, it really wasn’t that long ago when the U.S. stock market was in dire straits, unemployment was in double digits, and millions of homes were under water in the United States, not literally, but figuratively, and millions of homes were completely vacant. Basically, giving the keys back to the bank and saying, ‘you take it.’ Several years later, after something called quantitative easing, we have unemployment at 5%; we have the stock market making new highs practically every day and, the only trouble right now with the housing market right now in the United States is there aren’t enough houses to sell. How much of this can be attributed to quantitative easing I’m really not sure but, what’s been announced recently is the rollback of quantitative easing – actually selling back the bonds that we’ve been buying here in the United States which drove interest rates down to zero. With all the uncertainty around th