Stock Market crash 777 points
We still have a ways to go folks.
It's mean, but I'm looking to buy a home/invest in a home sometime next year... no bail out means much tighter credit and that means people with fair or worse credit and no money to put down will not be getting homes.
If the bail out happens, that means the mortgage rate will drop even more and companies will hand out more and more credit to undeserving people... harder for me to find a home I can afford.
It's selfish of me, but I'm looking forward to rock bottom home prices around here and jumping on the mistakes of others.
It's mean, but I'm looking to buy a home/invest in a home sometime next year... no bail out means much tighter credit and that means people with fair or worse credit and no money to put down will not be getting homes.
If the bail out happens, that means the mortgage rate will drop even more and companies will hand out more and more credit to undeserving people... harder for me to find a home I can afford.
It's selfish of me, but I'm looking forward to rock bottom home prices around here and jumping on the mistakes of others.
might go up in the morning due to people buying back on the dips, but will just drop back since the House isn't going to vote on the bailout until Thursday.
And then on Friday u have the jobs report out, which most likely isn't going to be good.
And then on Friday u have the jobs report out, which most likely isn't going to be good.
Registered User
iTrader: (2)
Joined: Oct 2005
Posts: 2,585
From: Los Altos, CA
Car Info: The Latest From WayneTech.
Commodities are quickly becoming the life raft for people vested into the credit market.
Platinum and Gold (especially Bullion) are sittin' pretty.
Platinum and Gold (especially Bullion) are sittin' pretty.
General Pimpin'
iTrader: (7)
Joined: May 2003
Posts: 23,019
From: Knee deep in beer. subabrew crew, ca.
Car Info: MY04 aspen wrx wagon.
I just hope it rebounds some time before I turn 65 or so.
My 401k is down about 50% where as in the previous 5 years it was on a steady gain of around 14-16%
My 401k is down about 50% where as in the previous 5 years it was on a steady gain of around 14-16%




Oralay!
