The Rally

An interesting topic of discussion: If one takes out a HELOC and purchases a second home, and then the first home is foreclosed upon, the creditors for the loans on the first home have no liens on the second home. Should they decide to sue for any remaining loan balances after the auction, they may be able to collect. But it becomes a case of collecting on an unsecured loan. More than likely the creditors will never see their money.

-Raystonn

 

here comes the 11950,,,,,this is truly pathetic....

 

After taxes you may be able to collect the equivalent of 3.75% on those CDs.

How can you possibly think 3.75% APY beats inflation?

So you are saying that the U.S. savings rate being negative is bad because... the U.S. savings rate is negative?

No need to lash out just because you are having trouble understanding.

This is actually the most efficient way to manage money when your buying dollars are eroded by inflation more quickly than savings will increase your dollars.

Sure, there are negative long term effects. But these are the effects of inflation being higher than what the average person can get in savings vehicles. A negative savings rate is just a symptom of this. Fix the inflation-higher-than-savings-APY-after-taxes problem and the negative savings rate will fix itself.

Both savings and inflation compound. That is fairly common knowledge. Please stick to arguing what you understand.

-Raystonn

 

this is distribution action. the question right now is will it be absorbed and we go higher or will we run out of dip buyers and go lower. too early to tell but the risk is on the long side right now imho.

 

Winners always dip

and

dipsters always win!!


I love 100% up room to go|$$

 

I don't know. Given the overreaction to the NAHB report I would say there are plenty of dip buyers at the moment. To make a convincing move down I think the CPI needs to come in at 0.3% or higher tomorrow and INTC, YHOO, and IBM need to disappoint. Normally I think that oil would play a role, but tomorrow bearish oil news will go unnoticed. Bullish oil news (build in surplus) will provide some buyers in techland to make up for the strong drop in chips today.

 

what is the chance the the fed raises rates at the end of the month?

 

We need to go 3 for 3 in order to see an up day tomorrow but I think the CPI will be closely watched. However as you can see today, inflation doesnt bother this market either. If the 0.6% was back in June or July you would have seen a Triple Digit loss today. How were only down 14 points on the DOW with an extremely high PPI # is confusing me.

If CPI is hot tomorrow and earnings from YHOO, IBM and INTC arent great than I think we could see a 1% dip tomorrow.

 

haha 0.6% CORE PPI and the dow is down 12 points hmmmmm, manipulation I THINK SO.

12,000 by 4pm

 

Slim to none, and slim was last seen leaving town.

If CPI comes in high tomorrow, I'd say coin flip chances of a 25bp rate hike the next time around.