Racer
Senior member
- Messages
- 2,666
- Likes
- 30
kriesau said:I got the figure from Yahoos historical prices for the Dow
As rising interest rates and inflation start to hit bond sales yields will rise and long term interest rates will follow (bond yields hit their highest level in 16 months this week). The $11 trillion consumer debt market (more than 60% of this is mortgage debt) will come under pressure as consumer interest rates rise and consumer spending will tail off. Since over 70% of the US GDP is based on consumer spending (currently fueled by asset refinancing rather than productivity gains) corporate earnings will be hit and so will the markets.Racer said:Fewer new buyers can afford a home
Housing affordability for first -time buyers dives as rates rise
Many people have squeezed into homes with creative financing -- including exotic mortgages such as "option ARMs" that allow buyers to skip part of their interest payment and roll it into the principal they owe. But even that game has pretty much played itself out. If prices fall, many recent buyers may find themselves owing more on their houses than the dwellings are worth
http://uk.biz.yahoo.com/051109/244/fwgkc.html
SOCRATES said:Again, you all miss the significance of the obvious.
I made a call on the Dow which was unerringly right, and it is not the first time I have made accurate calls on these boards before, and if my memory serves me right, I have never ever made a wrong call.
So understand that I am not saying this to prove that I am right, I am saying this to show the majority are consistently WRONG.
This is a source of enormous amusement to me because of the reactions and responses from members.
Whilst all of you are going round the houses with all of this, yet again you miss the significance of the OBVIOUS.
It is very kind of you to reply and take such detailed interest and you needn't make the effort.Bigbusiness said:I congratulated you on your call. It was when you said it had hit your target that I wondered where your stop would have been. Then looking at the chart, it didn't seem that impressive. This is judging you by the standards that you boast you have achieved. If you were not so critical of others, they would probably congratulate you as well.
As for never making a wrong call, I remember a few fishing expeditions on one of Chartman's threads. You did catch a small turn in the end but I wasn't impressed. I am sure there was another unimpressive one in this thread. Don't think I will wade through all your posts to find them though
SOCRATES said:Again, you all miss the significance of the obvious.
I made a call on the Dow which was unerringly right, and it is not the first time I have made accurate calls on these boards before, and if my memory serves me right, I have never ever made a wrong call.
So understand that I am not saying this to prove that I am right, I am saying this to show the majority are consistently WRONG.
This is a source of enormous amusement to me because of the reactions and responses from members.
Whilst all of you are going round the houses with all of this, yet again you miss the significance of the OBVIOUS.
Indeed. To be fair Socrates did get the direction right. OK it wasn't when he said it would happen, and it didn't actually make the size of the move he predicted and it wasn't much of a move anyway given the opening level and the 'predicted' level. But he did get the general direction right.SOCRATES said:It is very kind of you to reply and take such detailed interest and you needn't make the effort.
SOCRATES said:So understand that I am not saying this to prove that I am right, I am saying this to show the majority are consistently WRONG.
Quote "and if my memory serves me right, I have never ever made a wrong call" Alberts post 7591 at 1.34pm on 13/11/05.SOCRATES said:Refer to my previous post number 3922. you see how the weakness has not been totally resolved and how the price has drifted down considerably. However it appears that the fall has been arrested (S.V.) so it can at least meander along the original course it was following.
4875 + however not expected....
You posted it purely for your ego, nothing more, nothing less.SOCRATES said:So understand that I am not saying this to prove that I am right, I am saying this to show the majority are consistently WRONG.