Mike:
Does consumer debt include mortgages. I have been puzzled as I get the impression it does not as most mortgages end up being a sizable percentage of ones net worth. For ex, your mortgage is 100K, house is "valued" at 200k, no other debt and 50k in savings. The ratio would look like 250k assets, 100k debt or about 40%. Not so good.
If the debt numbers include mortgage debt, I wouldnt necesarily consider them bad at all. yes/no
Expect the big bounce today, I have been selling puts into the decline, and am looking to reload. Still have some dell, mu, rmbs and gtw. ( in additoin to mot) Am considering reloading on intc, amat, mer (on big pop) and cmb. Do you like these guys and what strikes/months. thanks again
After much consideration, it appears as if my bet on rising interest rates (although correct <g>) is losing me money while your bet on the fall (although incorrect<g>) is being validated by the market. As they say, I'm often wrong but never in doubt.
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