I only suppose that the volatility won’t be going away.. we will still see disturbing earnings reports for a while before the rate cut has a chance to make a difference, even if it does at all…
Commodities and metals going to record highs may eventually weigh in on the rate cut parties, as will the record low dollar.
RE still looks ugly, and as we have concluded in another thread, the rate cut will really only affect HELOCS and NEW arms, and it looks like it won’t help the 30 year fixed crowd, it might have made those fixed rates go higher.
We have the largest number of resets coming up in the next six months.. they may only benefit if they refi into another arm loan or similar.. they will have NO benefit if they refi into a fixed loan… we will still have tons of pressure for many to sell, and more foreclosures coming our way.
I will keep my gold, my foreign currencies, and my foreign stocks, but I can’t say whats gonna happen to the US equities.
