iPhone Sales Record

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Stocks are relatively quiet at the open today.  The only news scheduled for release was the Empire Manufacturing Index, and it came in at its lowest level in almost 3 /12 years.  There seemed to be more excitement from consumers as the Iphone 5’s debut, setting a record of 2 million sales in just 24 hours.  It was also said that the Iphone alone could help GDP by .5%.  Mortgage bonds are higher this morning as investors are concerned about anti American tensions spreading to more countries, as well as the Israel/ Iran conflict.  Oil prices are close to $100 a barrel as any type of outbreak could quickly get out of hand and cause oil to spike quickly.  We will advise locking in at these all time low rates.

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