Sundance 2008-the movies we have seen so far:

Sometimes, it is great to take a break from what your profession, and if you live in Utah, you have to experience Sundance Movie Festival.

Movies we have seen the first weekend. And, opinions of five people: myself, my husband and 3 friends who came to visit us from Baltimore, LA, and NY.
The Sundance movie festival rating includes: 4 rates: fair, ok?, good, and best.

January 18, Friday-World Documentary-"Triage: Dr. James Orbinski's Humanitarian Dilemma"-Dr. Orbinski, former president of Medecins Sans Frontieres (Doctors without Borders) and 1999 Nobel Peace Prize recipient, bore witness to horrendous suffering and extreme mortality rates during the famine in Somalia, as well as the unfathomable atrocities pf the Rwanda genocide in the 1990s.--"definitely interesting subject; however, movie does not meet the goal of the title. I personally felt very guilty after the movie, since the doctor repeatly says that we are all are not foing anything to help others." rate is ok?

January 19, Saturday-World Documentary-"Recycle"-what makes a terrorist? In Zarqa, Jorda's second-largest city with close to one million people, it is a much-debated question. Zarqa's politacal Islmist are a powerful force in this industrial center, and it is a birthplace of Abu Musa al Zarqawi...The movie slowly unravels some of the hidden agents of terrorism, revealing them as poverty, humiliation, lack of opportunity, and religious doctrine...--"Also interesting subject, little more interesting that previous movie; however, for me, the movies does not unravel agents of terrorism. I only saw how poor and religious focus people are. There are interesting shots. There is no reason to name movie "Recycle" even though the main charactor does have a job in recycling, but it shows very briefly and does not have any second meaning..." rate is little less than "good"

January 19, Saturday-Spectrum-"Love comes lately"-self-appoited bachelor in NY, Max Kohn (Otto Tausig) is accomplished writer whose walking life regularly commingles with his imaginary one.---You can see at least three story lines, Max is in real life, retiree named Simon, and sympathetic gent named Henry. It was a sweet storylines, but with too many stories at the same time. rate is little better than "Recycle"

January 19, Saturday-Premieres-"Towelhead"-directorial debut, Six Feet Under creator and American Beauty screenwriter Alan Ball once again unearths the dirty secrets...Based on novel by Alicia Erian.---I loved this movie, lots of happening. Movie captures many issues: anti-Arab sentiment that came to a boil after 9/11, racism, etc. rate is best

January 20, Sunday-World Documentary-"A complete history of my sexual failures"-when scaggly, endearingly hapless filmmaker Chris Waitt gets dumped by his girlfriend-the last in a long line of disastrous affeirs-he resolves to find out what exactly is wring with him.---Hilarious movie, the only movie you should stay for "Q and A". Chris is as funny in real life as in movie.

Current Trend Dorection: Sideways

MMG Update - Wednesday, September 5, 2007 9:49am ET
Current Trend Direction: Sideways
Risks favor: Cautiously Floating
Current Price of FNMA 6.0% Bond: $99.84, +6bp
The ADP Employment Report came in showing private sector job growth of only 38,000 jobs during August, the smallest monthly total in four years. After factoring in government Job growth, the ADP data suggests this Friday’s official Jobs Report from the Labor Department will show Non-Farm payroll growth around 65,000 – far below the current consensus estimate of 123,000 new jobs.
Even though the ADP report has been a less than stellar indicator for the official Jobs number of late, Traders are listening to the report this morning and are pushing Bonds modestly higher.
Speaking of jobs, employment consulting firm Challenger, Gray & Christmas, announced today there was an 85% jump in corporate layoffs during August from July levels. Of no surprise to us in the mortgage business, the financial sector led the way with 35,752 layoffs from a total of 79,459. Mortgage and sub-prime lending companies took the brunt of the layoffs from the financial sector.
We will lay out our Jobs Report strategy in tomorrow's update, but we have been saying for some time we think the Jobs Report will come in lower than expectations. The recent spike in Initial Claims, the weak ADP and jump in corporate layoffs gives us more confidence that Friday's Jobs Report will indeed miss expectations.
At 2pm ET, the Federal Reserve’s “Beige Book” summarizing the current state of the economy will be released. This could be a potential market mover as Traders will sift through the document looking for any hints or clues from the Fed as to their next move.
Mortgage Bonds continue to trade sideways with a pending breakout on its way. If you take a peek at yesterday's update and chart you can see how the prices are being squeezed between a Falling Resistance Line and Rising Support Line. With prices now trading exactly between resistance at the 200-day Moving Average and support at the 100-day MA, we are going to cautiously float for today and devise our strategy heading into the Jobs Report tomorrow.