Daily Bond report for Tooele and Salt Lake Utah

Monday, April 28, 2008

Without any real news to sink our teeth into today, traders will be alert for anyone who sneezes the wrong way to decide which way to invest. With that being said, Warren Buffet spoke out today on how he not only believes that we are in a recession, but that it will be much more severe than most expected. When the world's richest man speaks, more people listen than those in the old EF Hutton commercials. Oil is making the news as usual with the price per barrel creeping up once again to $120. Bonds are doing pretty well today up 34 Bp for the day. With most investors now keenly eying Wednesday's rate decision, expect the market to move more on innuendo and suggestion until then. As always, if anything changes I will let everyone know.

Karl Menzer

435-849-0212

http://www.karlmenzer.com