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Strategies & Market Trends : John Pitera's Market Laboratory

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To: The Ox who wrote (8975)	3/15/2008 1:29:43 PM
From: Augustus Gloop	Read Replies (1) of 33421

I think a large percentage of the SPX (like 30%) is financial related - that index could get real ugly! I know ZERO about loaning money so I'll just ask the question and someone can explain it to me. When the FF's were at 5% last summer 30 year mortgages were about 6.5%. Thats a 30% premium over FF's at the time. Now that FF's are 3% what should a 30 year fixed be?

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