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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.07-0.1%Nov 6 4:00 PM EST

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To: TobagoJack who wrote (938)9/28/2005 5:50:20 PM
From: Maurice Winn  Read Replies (3) of 217561
 
Ouch, FNM takes a dive down 10% to $41. finance.yahoo.com despite P:E of 5.

Uncle Al KBE's words of warning seem to have stirred some fears. But don't panic. We have nothing to fear but fear itself. Famous last words.

As interest rates rise, debtors [such as people with expensive houses, large loans and dodgy jobs] could be in trouble. Repricing of a LOT of things will take place as debts are cleared. We saw that with the margin-tidying Biotelecosmictechdot.com repricing of Y2K/2001 etc.

Repricing tends to be prompt, so maybe October, the traditional month for repricing, will see some action.

Mqurice
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