Stocks are near unchanged today after posting their largest one day rally in four months. It appears solutions to mark-to-market and the Uptick rule may be near. It’s almost comical to finally see some attention given to the FASB 157 or “Mark to Market” issue. It has become the new buzz in the media – and talks of a possible fix are helping to boost confidence in Stocks. We have always stated that the rule should not be abolished or even suspended because we do not want to go back to the non-transparent days of Enron. But there are other ways to retain transparency, while not imposing the restrictions on capital that are shutting off lending. Remember that there is a congressional hearing on this tomorrow. If they get it right – stocks should rally and mortgage bonds could lose ground, Florida Refinancing is at an all time high. But if they mess this one up, there will be an angry sell-off in stocks. Bonds may benefit a bit, but at the price of a longer, deeper recession.

Much criticized Secretary Treasurer Tim Geithner reassured Wall Street in an interview last night saying that the government will do what is necessary to pull the ailing economy out of the current recession. He hinted that a help for troubled or bad assets may come soon. This comes after Fed Chairman Bernanke said yesterday that if the banking system can get stabilized, the recession could be over by years end.

The government will auction $18B of 10 year Notes this afternoon at 1:00pm ET and this might put some pressure on prices later today. Now is a great time for a Florida Home Buyers.