Title: Markets on the rebound

" Big meetings -- the -- this week lately we've been seeing a bomb earning economic news. How to lift Federal Reserve yet and would say about a week had lots going on the world by joining us now financial planner securities America by. And of money -- 830 WR Randy is Barry. What's her. Coming -- to -- to it it's incredible how things are are changing. Versus year ago yes things have rebounded. Outlook about the stock market did it it's been going up and -- didn't rice yesterday because the meeting. No it didn't do it into thinking it would write him up about a 120 point before the meeting -- 215 I think what happened is -- and not to fifteen confirmed with the stock market had anticipated last week. Well for those of us who work investors and most of our pensions and 41 K. Doesn't matter -- after hundreds if finally going up it. Point Jericho it was fair well last fall it looked like the world to an end and an even as recently as march of this year things are pretty dire Dow was out 500 and up about. Fifty cent a -- back in March and today I think the market and open up in pot of territory in the future are very pot of Wal-Mart. -- It's really a very strong quarter. Oh there are indications that the American consumer coming back and at the worldwide economy is starting to. Remember just few well what about the talk a little bit confused is there at -- ever gotten through the -- easier if we don't hear conflicting reports about that the Fed and -- about the I don't think. Think they're confirming that were along the bottom right now I think would lead you never really know that there were over about a month later so we won't know for certain until. Certainly maybe November numbers that early if -- out of the remember the end there and to -- economy no longer drinking doesn't mean that everything is great and everything is growing very rapidly. But that unemployment report that we got -- Friday a thought that was terrific and very surprised. That there rate went from nine point 59 point four. There had been. Generally that in and that the rate and -- over ten and tonight felt that way recently as a few weeks ago I'm not certain anymore that it will go over time. Great to hear about -- mortgage -- below for awhile. They gonna say this way much longer or do something I think we'll our viewers. Just a warning if you will. The Fed the Federal Reserve has been buying mortgage backed securities for the last month. And mortgage rate right now we had here today at 55 quarter they are. Artificially low -- defendant now yesterday something that people need an -- now yesterday. They're gonna dot. Buying mortgage backed security at the end of October. -- what that is unit. The consequence of that will be. You're gonna have rapidly rise in mortgage rate beginning in November and December 2 out nine and -- kind of let people know that out it. If you haven't -- only talking about it like two and half my -- right you don't get that started a home got in Dubai and how you. It literally if you wish to thank giving. Addition to -- how you might be borrowing money. And you won't regret it out on point I don't. Full percentage -- an awful lot of my writing out checks for every month and take care now or every month but not only every not every month and thirty. You know I know it didn't matter it is -- and -- I would say to people look if you need to refine it really trying to get on top of that now because. -- mortgage -- it here today. Are artificially low. All right Barry and you're word is very good here because it was a year ago -- the world coming to an end of day in the market and all about it by. They're very happy right now thank you very much for joining us."