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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Dominick who wrote (14323)10/3/2001 11:39:13 PM
From: Dominick  Read Replies (1) of 18137
 
Are there any Prime rate pundits on board?

If so, I have a question. I'm considering a floating rate consumer equity loan tied to the prime rate. Guaranteed a rate of 4.5% for 6 months. Thereafter on the 15th of each month the rate changes to the actual prime rate.

My question is how long do you think the prime rate will stay under 7.5% due to the crippled economy?

TIA,

Dominick
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