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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (8546)7/1/2004 9:31:25 AM
From: Knighty Tin  Read Replies (1) | Respond to of 116555
 
mish, so many people are getting 5 year adjustable mortgages because they assume their income and the value of their homes will be higher in 5 years. That may be a decent bet. But it is like selling out of the money options. You win more often than you lose, but the one time you're wrong can wipe you out.