Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 54.01

+9.7%

Jan 6 4:00 PM EST

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From: happy_camper	11/7/2008 1:32:30 PM
	1 Recommendation Read Replies (1) of 207667

One month libor down to 1.62%. We have a loan for work that is based on 1-month libor plus 2.25%, the boss was in a mild panic in October when the combined rate hit nearly 7% which is where the P&I would have reset to a higher all interest payment. In just a couple of weeks the combined rate is now back down to 3.87% which is lower than it was when we funded the loan in July. The credit markets have been crazy to say the least.

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