INDU is heading for 12000 even, if not lower. This will not happen overnight. More volitality will enter the picture and 08 Elections will devistate the market. OPEC is discussing options other than the dollar. Inflation is an issue. This will not be an easy ride down. Fasten your seatbelts. More Shockwaves to follow.
But hey, aren't (or is it ain't) ARM rates indexed to like the prime rate that is indexed to the Fed rate which is indexed to the leg bone, or something like that. So don't these Fed rate cuts ultimately help those hapless folks with ARM's?
To a small degree they do but these guys have been paying like 1% this will still jump I hink around 5.5-6% with some much higher even with a rate cut. That is a big rise in anyones book
Paulson and Bernanke are an unstoppable duo. They will continue to inject liqudity. The PPT and the funds will keep the dow positive for the year. Shorts be warned. This isnt the late 70's/ early80's.
yes, it does help people with ARM.. they dont get hurt by the immediate rise in rates. I believe there's a 2% cap which the rate can be raised. LIBOR(4.5->5%) + a few points = 7-12% easy. But they only can raise it by 2%. Even 2% can double somebody's monthly payment. Can they withstand the next reset in 2 years?
they can keep on steamrolling cash here....unforunate for them the pit is endless....ask t boone pickens about drilling in dry holes? and then ask yourself why unleaded just jumped .50
s2007s... you need to take a posting break as well.....almost 5k in one year......give it a rest..you stock and mymini the BEST FAKE TRADERS WE'VE SEEN YET!