[Chris Scoreboard Johnston]

The sell off on the long end of the yield curve ( rate rise ) is raising rates anyway, so this effect is offset already to some degree. It would have helped people like me who could have paid down my balance to the conforming level then refi’d, but the rates have already gone up quite a bit in the last couple of weeks, so it is now not worth it.

The problem is, I am not the demographic that needs help, so maybe in the end this move by the govt does not help much.

[Chris Scoreboard Johnston]

The sell off on the long end of the yield curve ( rate rise ) is raising rates anyway, so this effect is offset already to some degree. It would have helped people like me who could have paid down my balance to the conforming level then refi’d, but the rates have already gone up quite a bit in the last couple of weeks, so it is now not worth it.

The problem is, I am not the demographic that needs help, so maybe in the end this move by the govt does not help much.

[Chris Scoreboard Johnston]

The sell off on the long end of the yield curve ( rate rise ) is raising rates anyway, so this effect is offset already to some degree. It would have helped people like me who could have paid down my balance to the conforming level then refi’d, but the rates have already gone up quite a bit in the last couple of weeks, so it is now not worth it.

The problem is, I am not the demographic that needs help, so maybe in the end this move by the govt does not help much.

[Chris Scoreboard Johnston]

The sell off on the long end of the yield curve ( rate rise ) is raising rates anyway, so this effect is offset already to some degree. It would have helped people like me who could have paid down my balance to the conforming level then refi’d, but the rates have already gone up quite a bit in the last couple of weeks, so it is now not worth it.

The problem is, I am not the demographic that needs help, so maybe in the end this move by the govt does not help much.

[Chris Scoreboard Johnston]

The sell off on the long end of the yield curve ( rate rise ) is raising rates anyway, so this effect is offset already to some degree. It would have helped people like me who could have paid down my balance to the conforming level then refi’d, but the rates have already gone up quite a bit in the last couple of weeks, so it is now not worth it.

The problem is, I am not the demographic that needs help, so maybe in the end this move by the govt does not help much.

[Chris Scoreboard Johnston]

As a fellow long time private trader who generally disagrees with doomsdayers, here is my two cents on this. It is possible you are right, but these arbitrarily emotional views on things have never led me to profitable trades. There are certainly negative cross currents in these turbulent times, and I am no goldilocks blind man. However, every time in history we have had sharply declining interest rates with sharply declining stock prices, major rallies have occurred, and I expect it to be no different this time. You can single out Japan as an instance where lower interest rates did not save the day, but I look at our history here, not other countries with completely different political systems and monetary structures.

There are very bullish historical tendencies to stock prices in election years, so I do not believe it will be different this time. March buys during these years have been very lucrative.

Of course I am speaking of stock prices. I do have significant fire power and defenses on my ranch, in case you are right and the world ends in the next 12 months.

I would assume you are heavily short most things, it will be interesting to see come March how those positions fare going forward. So far you have been right, but timing is everything as a trader which you obviously know as well as I do.

[Chris Scoreboard Johnston]

As a fellow long time private trader who generally disagrees with doomsdayers, here is my two cents on this. It is possible you are right, but these arbitrarily emotional views on things have never led me to profitable trades. There are certainly negative cross currents in these turbulent times, and I am no goldilocks blind man. However, every time in history we have had sharply declining interest rates with sharply declining stock prices, major rallies have occurred, and I expect it to be no different this time. You can single out Japan as an instance where lower interest rates did not save the day, but I look at our history here, not other countries with completely different political systems and monetary structures.

There are very bullish historical tendencies to stock prices in election years, so I do not believe it will be different this time. March buys during these years have been very lucrative.

Of course I am speaking of stock prices. I do have significant fire power and defenses on my ranch, in case you are right and the world ends in the next 12 months.

I would assume you are heavily short most things, it will be interesting to see come March how those positions fare going forward. So far you have been right, but timing is everything as a trader which you obviously know as well as I do.

[Chris Scoreboard Johnston]

As a fellow long time private trader who generally disagrees with doomsdayers, here is my two cents on this. It is possible you are right, but these arbitrarily emotional views on things have never led me to profitable trades. There are certainly negative cross currents in these turbulent times, and I am no goldilocks blind man. However, every time in history we have had sharply declining interest rates with sharply declining stock prices, major rallies have occurred, and I expect it to be no different this time. You can single out Japan as an instance where lower interest rates did not save the day, but I look at our history here, not other countries with completely different political systems and monetary structures.

There are very bullish historical tendencies to stock prices in election years, so I do not believe it will be different this time. March buys during these years have been very lucrative.

Of course I am speaking of stock prices. I do have significant fire power and defenses on my ranch, in case you are right and the world ends in the next 12 months.

I would assume you are heavily short most things, it will be interesting to see come March how those positions fare going forward. So far you have been right, but timing is everything as a trader which you obviously know as well as I do.

[Chris Scoreboard Johnston]

As a fellow long time private trader who generally disagrees with doomsdayers, here is my two cents on this. It is possible you are right, but these arbitrarily emotional views on things have never led me to profitable trades. There are certainly negative cross currents in these turbulent times, and I am no goldilocks blind man. However, every time in history we have had sharply declining interest rates with sharply declining stock prices, major rallies have occurred, and I expect it to be no different this time. You can single out Japan as an instance where lower interest rates did not save the day, but I look at our history here, not other countries with completely different political systems and monetary structures.

There are very bullish historical tendencies to stock prices in election years, so I do not believe it will be different this time. March buys during these years have been very lucrative.

Of course I am speaking of stock prices. I do have significant fire power and defenses on my ranch, in case you are right and the world ends in the next 12 months.

I would assume you are heavily short most things, it will be interesting to see come March how those positions fare going forward. So far you have been right, but timing is everything as a trader which you obviously know as well as I do.

[Chris Scoreboard Johnston]

As a fellow long time private trader who generally disagrees with doomsdayers, here is my two cents on this. It is possible you are right, but these arbitrarily emotional views on things have never led me to profitable trades. There are certainly negative cross currents in these turbulent times, and I am no goldilocks blind man. However, every time in history we have had sharply declining interest rates with sharply declining stock prices, major rallies have occurred, and I expect it to be no different this time. You can single out Japan as an instance where lower interest rates did not save the day, but I look at our history here, not other countries with completely different political systems and monetary structures.

There are very bullish historical tendencies to stock prices in election years, so I do not believe it will be different this time. March buys during these years have been very lucrative.

Of course I am speaking of stock prices. I do have significant fire power and defenses on my ranch, in case you are right and the world ends in the next 12 months.

I would assume you are heavily short most things, it will be interesting to see come March how those positions fare going forward. So far you have been right, but timing is everything as a trader which you obviously know as well as I do.

[Chris Scoreboard Johnston]

If you look at the recent rise in the price of gold and the corresponding rise in open interest, it is notable that most of that rise in open interest is comprised of speculators, with the commercials sharply reducing their long positions. This is not what bull markets are made of, it is only a matter of time before this market heads down. These momentum moves are tough to time in terms of fading them because they are completely emotion driven by non-professionals. However, when the large players are fading a move, the music will stop eventually, and probably very sharply.

For those having long term positions, or those looking to establish them, I would not be a buyer here, you will get a decline to do so.

[Chris Scoreboard Johnston]

If you look at the recent rise in the price of gold and the corresponding rise in open interest, it is notable that most of that rise in open interest is comprised of speculators, with the commercials sharply reducing their long positions. This is not what bull markets are made of, it is only a matter of time before this market heads down. These momentum moves are tough to time in terms of fading them because they are completely emotion driven by non-professionals. However, when the large players are fading a move, the music will stop eventually, and probably very sharply.

For those having long term positions, or those looking to establish them, I would not be a buyer here, you will get a decline to do so.

[Chris Scoreboard Johnston]

If you look at the recent rise in the price of gold and the corresponding rise in open interest, it is notable that most of that rise in open interest is comprised of speculators, with the commercials sharply reducing their long positions. This is not what bull markets are made of, it is only a matter of time before this market heads down. These momentum moves are tough to time in terms of fading them because they are completely emotion driven by non-professionals. However, when the large players are fading a move, the music will stop eventually, and probably very sharply.

For those having long term positions, or those looking to establish them, I would not be a buyer here, you will get a decline to do so.

[Chris Scoreboard Johnston]

If you look at the recent rise in the price of gold and the corresponding rise in open interest, it is notable that most of that rise in open interest is comprised of speculators, with the commercials sharply reducing their long positions. This is not what bull markets are made of, it is only a matter of time before this market heads down. These momentum moves are tough to time in terms of fading them because they are completely emotion driven by non-professionals. However, when the large players are fading a move, the music will stop eventually, and probably very sharply.

For those having long term positions, or those looking to establish them, I would not be a buyer here, you will get a decline to do so.

[Chris Scoreboard Johnston]

If you look at the recent rise in the price of gold and the corresponding rise in open interest, it is notable that most of that rise in open interest is comprised of speculators, with the commercials sharply reducing their long positions. This is not what bull markets are made of, it is only a matter of time before this market heads down. These momentum moves are tough to time in terms of fading them because they are completely emotion driven by non-professionals. However, when the large players are fading a move, the music will stop eventually, and probably very sharply.

For those having long term positions, or those looking to establish them, I would not be a buyer here, you will get a decline to do so.

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