The worst housing crisis since the

[BYU71]

depression?? What is with these people on TV. None of them were born prior to 1985??

In the late seventies interest rates went to 18% on construction loans and if I remember 10% or above on mortgages. Anyone hear of the S&L crisis or the Resolution Trust Corp.

These guys on TV are idiots and only fan the flame.

Yep, I bought this morning.

[ute4ever]

Were you watching CNN when the market opened? It plunged 449 points in 9 minutes with over 100 million shares traded; it was like watching the scoreboard in the Fassel era when the Utes would go to Nebraska for a money game.

[cougjunkie]

I hate to say it but this is very good for me. Rates are going to get worse for a day or 2 and then they are going to plummet once again

[BYU71]

I hate to say it but this is very good for me. Rates are going to get worse for a day or 2 and then they are going to plummet once again


Why will they get worse, the ten year treasury has dropped to 3.68. Is there a temporary fear in the mortgage market the Fed move will be inflationary?

[Clark Addison]

Were you watching CNN when the market opened? It plunged 449 points in 9 minutes with over 100 million shares traded; it was like watching the scoreboard in the Fassel era when the Utes would go to Nebraska for a money game.

Ha!

[cougjunkie]

Why will they get worse, the ten year treasury has dropped to 3.68. Is there a temporary fear in the mortgage market the Fed move will be inflationary?

Every time the Feds drop rates they get worse for a day or so, I think it is the fear of uncertainty.

[BYU71]

depression?? What is with these people on TV. None of them were born prior to 1985??

In the late seventies interest rates went to 18% on construction loans and if I remember 10% or above on mortgages. Anyone hear of the S&L crisis or the Resolution Trust Corp.

These guys on TV are idiots and only fan the flame.

Yep, I bought this morning.

In the interest of full disclosure, what I bought was Zions bank and Washington Mutual. The profits came to fast and I just got out. Not out of my original positions, but the ones I bought this morning.

So if these stocks go way way up from here, I won't be able to claim I called the bottom. I just made some quick trading money, which I don't try to do except maybe twice a year.