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To: The Freep who wrote (115061)	3/19/2005 12:45:48 PM
From: jjstingray	Read Replies (1) \| Respond to of 209892

Yes, but interest rates were low. That kept liquidity in the market. I just cannot see a sustained move up with interest rates going up. Just look how negatively it will affect the economy. Home builders are already down huge based on a few bumps up in the rate. Homeowners that chose variable rate mortgages just to get into their more expensive homes are going to start seeing their disposable income plummet. Borrowing costs will get more expensive across the board. As interest rates go up, the stock market gets less attractive as more convervative forms of investment have better rates of return, thus moving money out of the market. Etc. Etc. I am not trying to be a fundamentalist here, just a realist. I have a friend of mine that has a million dollar loan on his house that is variable and he has seen his payment go up 30% in the last 8 months. I guarantee you that is happening to a lot of people. Rising interest rates has a very negative effect on our economy.

To: The Freep who wrote (115061)	3/19/2005 1:22:25 PM
From: Henry J Costanzo	Respond to of 209892

Don't want to get between you, Freep, and our jj.....BUT FWIW, blah, blah. 1. Lots of hype about soaring oil prices, but in real terms oil NOT at ATH..(Posted a chart on gasoline prices the other day showing same)..Furthermore, impact on economy since last price spike in the 70's muted by substantial improvements efficiency in energy use. 2. Agree oil here can stop going up and/or have a substantial correction....(Become more and more convinced of that the more screaming I hear on TV about high oil prices......G) 3. Sorry, Freep, but interest rates are NOT going to stop going up (IMHO, of course)...