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(former)FormerSanDiegan
ParticipantDWCAP – To some extent the reset charts are obsolete soon after they are created. The profile of loans out there will presumably constantly shift due to property sales, refinance activity, early re-sets (due to negative amortization), etc. However, with property values generally declining I doubt that huge segments of these loans have been completely worked out.
ParticipantDWCAP – To some extent the reset charts are obsolete soon after they are created. The profile of loans out there will presumably constantly shift due to property sales, refinance activity, early re-sets (due to negative amortization), etc. However, with property values generally declining I doubt that huge segments of these loans have been completely worked out.
ParticipantDWCAP – To some extent the reset charts are obsolete soon after they are created. The profile of loans out there will presumably constantly shift due to property sales, refinance activity, early re-sets (due to negative amortization), etc. However, with property values generally declining I doubt that huge segments of these loans have been completely worked out.
ParticipantDWCAP – To some extent the reset charts are obsolete soon after they are created. The profile of loans out there will presumably constantly shift due to property sales, refinance activity, early re-sets (due to negative amortization), etc. However, with property values generally declining I doubt that huge segments of these loans have been completely worked out.
Participant
Have fun catching that falling knife!The best time to buy is at the bottom. Thats after the smoke has cleared and there is nothing but cinders left. Heck, you can even wait until some signs of new construction begin to show.
Until the credit mess sorts itself out, I’m staying out of the market other than a few small speculative investments in gold and some short ETF’s.
No knife-catching here. I am simply suggesting that timing the stock market is not as simple as some people claim it is. Once the smoke is clear, the lack of smoke is priced into stocks. Maybe you interpreted this to be in reference to the housing market. In that case I would agree with you. But with stocks, the markets swing too quickly to time as well as real estate. I would rather stick to my asset allocations and add to certain positions on weakness. Perhaps I am not nearly as smart as others on this board.
Participant
Have fun catching that falling knife!The best time to buy is at the bottom. Thats after the smoke has cleared and there is nothing but cinders left. Heck, you can even wait until some signs of new construction begin to show.
Until the credit mess sorts itself out, I’m staying out of the market other than a few small speculative investments in gold and some short ETF’s.
No knife-catching here. I am simply suggesting that timing the stock market is not as simple as some people claim it is. Once the smoke is clear, the lack of smoke is priced into stocks. Maybe you interpreted this to be in reference to the housing market. In that case I would agree with you. But with stocks, the markets swing too quickly to time as well as real estate. I would rather stick to my asset allocations and add to certain positions on weakness. Perhaps I am not nearly as smart as others on this board.
Participant
Have fun catching that falling knife!The best time to buy is at the bottom. Thats after the smoke has cleared and there is nothing but cinders left. Heck, you can even wait until some signs of new construction begin to show.
Until the credit mess sorts itself out, I’m staying out of the market other than a few small speculative investments in gold and some short ETF’s.
No knife-catching here. I am simply suggesting that timing the stock market is not as simple as some people claim it is. Once the smoke is clear, the lack of smoke is priced into stocks. Maybe you interpreted this to be in reference to the housing market. In that case I would agree with you. But with stocks, the markets swing too quickly to time as well as real estate. I would rather stick to my asset allocations and add to certain positions on weakness. Perhaps I am not nearly as smart as others on this board.
Participant
Have fun catching that falling knife!The best time to buy is at the bottom. Thats after the smoke has cleared and there is nothing but cinders left. Heck, you can even wait until some signs of new construction begin to show.
Until the credit mess sorts itself out, I’m staying out of the market other than a few small speculative investments in gold and some short ETF’s.
No knife-catching here. I am simply suggesting that timing the stock market is not as simple as some people claim it is. Once the smoke is clear, the lack of smoke is priced into stocks. Maybe you interpreted this to be in reference to the housing market. In that case I would agree with you. But with stocks, the markets swing too quickly to time as well as real estate. I would rather stick to my asset allocations and add to certain positions on weakness. Perhaps I am not nearly as smart as others on this board.
Participant
Have fun catching that falling knife!The best time to buy is at the bottom. Thats after the smoke has cleared and there is nothing but cinders left. Heck, you can even wait until some signs of new construction begin to show.
Until the credit mess sorts itself out, I’m staying out of the market other than a few small speculative investments in gold and some short ETF’s.
No knife-catching here. I am simply suggesting that timing the stock market is not as simple as some people claim it is. Once the smoke is clear, the lack of smoke is priced into stocks. Maybe you interpreted this to be in reference to the housing market. In that case I would agree with you. But with stocks, the markets swing too quickly to time as well as real estate. I would rather stick to my asset allocations and add to certain positions on weakness. Perhaps I am not nearly as smart as others on this board.
ParticipantDWCAP –
I agree with you. Those with teaser (neg-am) payments will still be screwed. Those with Interest-only options will also see a substantial jump (say 20% or more) and those in this second group that did not plan ahead (by saving) or who haven’t experienced at least 4% annual raises will also get pinched.The wild card of course is rates. Inflation expectations could result in higher rates down the road … say a year from now. If short-term rates returned to their recent peak (up a couple percent from current rates) the payment shocks would be difficult for anyone to absorb.
It isnt as bad as the numbers make it seem, but it isnt as good as the interest rates make it seem either.
Well said.ParticipantDWCAP –
I agree with you. Those with teaser (neg-am) payments will still be screwed. Those with Interest-only options will also see a substantial jump (say 20% or more) and those in this second group that did not plan ahead (by saving) or who haven’t experienced at least 4% annual raises will also get pinched.The wild card of course is rates. Inflation expectations could result in higher rates down the road … say a year from now. If short-term rates returned to their recent peak (up a couple percent from current rates) the payment shocks would be difficult for anyone to absorb.
It isnt as bad as the numbers make it seem, but it isnt as good as the interest rates make it seem either.
Well said.ParticipantDWCAP –
I agree with you. Those with teaser (neg-am) payments will still be screwed. Those with Interest-only options will also see a substantial jump (say 20% or more) and those in this second group that did not plan ahead (by saving) or who haven’t experienced at least 4% annual raises will also get pinched.The wild card of course is rates. Inflation expectations could result in higher rates down the road … say a year from now. If short-term rates returned to their recent peak (up a couple percent from current rates) the payment shocks would be difficult for anyone to absorb.
It isnt as bad as the numbers make it seem, but it isnt as good as the interest rates make it seem either.
Well said.ParticipantDWCAP –
I agree with you. Those with teaser (neg-am) payments will still be screwed. Those with Interest-only options will also see a substantial jump (say 20% or more) and those in this second group that did not plan ahead (by saving) or who haven’t experienced at least 4% annual raises will also get pinched.The wild card of course is rates. Inflation expectations could result in higher rates down the road … say a year from now. If short-term rates returned to their recent peak (up a couple percent from current rates) the payment shocks would be difficult for anyone to absorb.
It isnt as bad as the numbers make it seem, but it isnt as good as the interest rates make it seem either.
Well said.ParticipantDWCAP –
I agree with you. Those with teaser (neg-am) payments will still be screwed. Those with Interest-only options will also see a substantial jump (say 20% or more) and those in this second group that did not plan ahead (by saving) or who haven’t experienced at least 4% annual raises will also get pinched.The wild card of course is rates. Inflation expectations could result in higher rates down the road … say a year from now. If short-term rates returned to their recent peak (up a couple percent from current rates) the payment shocks would be difficult for anyone to absorb.
It isnt as bad as the numbers make it seem, but it isnt as good as the interest rates make it seem either.
Well said. -
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