The Market Thread

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H2Orange

Sitting on the Group W bench
A/V Subscriber
Nov 17, 2007
5,148
2,935
1,743
Edmond
Today is one of those days where I don't even log in to my brokerage account. Maybe tomorrow. The less I know the better I will sleep.
 

Bowers2

Stackin' Joe's Cups
A/V Subscriber
Jul 31, 2006
9,980
6,527
1,743
Edmond
Just had our first "fear withdrawal" at the bank. This guy emptied his account and took almost $50K in cash to his mattress I guess. For the record, I think that's incredibly stupid.
 

jobob85

Drunkle
A/V Subscriber
Mar 11, 2009
25,247
28,067
1,743
Another 2% today.

30 yr mortgage 7%+
Prime rate 6.25% with indications for it to go higher. How well does this work out in the end?
It depends on your time frame. We have tested June lows and looks like that won't be a support number. I expect pain for 2-3 more quarters and then a slow turn around. We've had free money, and lots of it, for more than a decade. You can't expect that to correct over night no matter what the fed and administration do.