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#1 |
Senior Member
Join Date: Jan 2006
Posts: 5,084
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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. |
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#2 |
I must not tell lies
Join Date: Aug 2005
Posts: 5,103
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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.
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#3 |
Senior Member
Join Date: Jan 2006
Location: Utah
Posts: 5,741
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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
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LINCECUM! |
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#4 | |
Senior Member
Join Date: Jan 2006
Posts: 5,084
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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? |
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#5 |
Senior Member
Join Date: Jul 2007
Location: North Carolina
Posts: 638
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#6 |
Senior Member
Join Date: Jan 2006
Location: Utah
Posts: 5,741
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Every time the Feds drop rates they get worse for a day or so, I think it is the fear of uncertainty.
__________________
LINCECUM! |
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#7 | |
Senior Member
Join Date: Jan 2006
Posts: 5,084
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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. |
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