2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 374.27

-0.2%

Nov 21 4:00 PM EST

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To: TobagoJack who wrote (6980)	6/5/2006 8:22:08 PM
From: Taikun	Read Replies (2) of 217981

TJ, I don't think market was prepared for what he said today. It was only off 50 pts when they started...then the talk of inflation and chances of a June tightening flashed across the Bloomberg and the Dow lots another 25 pts. Then Ben said only 10% of mortgages would be ARMs that would face the new rates when repricing in any given year, and the market sold off a little more. Then the talk of America's low savings rate and somehow this would be solved and the solution was in lower house prices? (Perhaps I didn't get that one) I am glad to have bearish positions and am in no rush to load up on anything. Cheers, D

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