- This topic has 80 replies, 10 voices, and was last updated 15 years, 11 months ago by Omega Point.
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May 19, 2008 at 8:58 PM #208071May 19, 2008 at 10:07 PM #207988Omega PointParticipant
Definately a bear trap. ARMs are still resetting, new lower comps are being set, and the economy is weakening all the while inflation in food and other commodities is surging. What’s more, the Fed will probably begin raising rates by the end of the year or early next year to slow down inflation. At that point, more people with ARMs will be foreclosed on and the stage will be set for the next leg down.
May 19, 2008 at 10:07 PM #208044Omega PointParticipantDefinately a bear trap. ARMs are still resetting, new lower comps are being set, and the economy is weakening all the while inflation in food and other commodities is surging. What’s more, the Fed will probably begin raising rates by the end of the year or early next year to slow down inflation. At that point, more people with ARMs will be foreclosed on and the stage will be set for the next leg down.
May 19, 2008 at 10:07 PM #208076Omega PointParticipantDefinately a bear trap. ARMs are still resetting, new lower comps are being set, and the economy is weakening all the while inflation in food and other commodities is surging. What’s more, the Fed will probably begin raising rates by the end of the year or early next year to slow down inflation. At that point, more people with ARMs will be foreclosed on and the stage will be set for the next leg down.
May 19, 2008 at 10:07 PM #208099Omega PointParticipantDefinately a bear trap. ARMs are still resetting, new lower comps are being set, and the economy is weakening all the while inflation in food and other commodities is surging. What’s more, the Fed will probably begin raising rates by the end of the year or early next year to slow down inflation. At that point, more people with ARMs will be foreclosed on and the stage will be set for the next leg down.
May 19, 2008 at 10:07 PM #208130Omega PointParticipantDefinately a bear trap. ARMs are still resetting, new lower comps are being set, and the economy is weakening all the while inflation in food and other commodities is surging. What’s more, the Fed will probably begin raising rates by the end of the year or early next year to slow down inflation. At that point, more people with ARMs will be foreclosed on and the stage will be set for the next leg down.
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