Posted on 06/13/2022 5:53:47 AM PDT by Browns Ultra Fan
Black Monday!
Off to bad start this week. The 10-year Treasury yield rose 11 basis points at 8am EST while the S&P 500 E-mini futures are down -2.5%.
And then we have this scary chart of mortgage rates. Bankrate’s 30-year mortgage rate is now up to 5.78%.
And then we have Bitcoin. Bitcoin is struggling as The Fed tightens the noose on the US economy with expected Fed rate hikes and a rising US Dollar.
I’ve got a whole lotta anxiety over this week.
The dynamic duo.
(Excerpt) Read more at confoundedinterest.net ...
Probably a little early to speculate, but I think CCP propped up Wall Street is catching up with the rest of the country.
If I am correct, and there is a panic selloff, we will be in 10/29/29 territory.
Better bar up the windows
Such a buying opportunity for Black Rock!
Brandon is getting on my nerves with his and his alone economic collapse.
We could have a lot more downside to go.
We haven’t seen capitulation yet IMO.
If things get really scary the Fed will back off and/or quietly be buying ETF’s to stabilize the market.
Dicey times ahead.
Gonna be a long, dreary summer in the market. IMO we’re going 12-15% lower.
If I am correct, and there is a panic selloff, we will be in 10/29/29 territory.
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I get what you’re saying and feel we’re heading for a painful recession. However, don’t underestimate the Fed’s ability to prop up the markets if things get much worse. They have a lot of powerful “tools” they are very quiet about. And trust me, they won’t hesitate to use them.
For technicians, this is a critical price break.
Over the last 18 months, Bitcoin has bounced off six tests of the $29,000 - $31,000 price barrier.
Below $23,500, there will be very few buyers until hits $10,000.
#stockmarketcrash is trending on twitter
If you’re not amongst the ruling elites you’re definitely feeling the effects of Brandon’s debacle.
Retirees and average Americans are getting beaten down. Just what the elites wanted.
In the words of Jurassic Park, “Hold on to your butts.”
#stockmarketcrash is trending on twitter
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Should be #countryintrouble
DOW down over 500 closer to 600
Rd later.
But there's no need for you to be quiet about them, so please specify what tools, exactly, you mean.
Thanks!
Regards,
A 5.78% mortgage with a 10-year 1% seller-funded escrowed interest buydown and a 1% annual principal increase is an affordable 3.78% mortgage.
If the mortgage rate falls below 4%, the buyers would have to refinance and the sellers would get the remaining balance of the buydown money.
A short-term Federal Reserve interest hike can be bypassed. A long-term Federal Reserve interest hike would bankrupt Uncle Sam, so it is not in the cards.
Heard Fed may step in and change rates by a point. Back in the 80, that dealt with the problem but consequence will be very severe.
“tools”
Bank depositors have been getting hammered for years since Obama, raised by a banker, took office.
Why don’t you do a little reading. You’ll learn more doing that than simply reading a list from me. And ask yourself while you’re doing it why the Fed is such a secretive organization.
If a stock is only up 50-fold instead of 100-fold, the shareholder can still cash out with a nice profit and pay cash for a house.
The shareholder doesn’t need to care about mortgage interest rates.
Nice houses in nice areas sell quickly.
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