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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (155625)	3/31/2020 7:50:14 AM
From: carranza2	2 Recommendations Recommended By marcher Secret_Agent_Man Read Replies (3) \| Respond to of 218709

Now that chloroquine has been validated as a cure, markets can see a more certain path to recovery. My guess is that rest of year will be bullish for this reason alone. Reinforcement for this view lies in the fact that the Saudi/Russian tiff has to end, else Russia suffers greatly. Oil simply cannot stay in 20s for very long, especially as demand ramps up. A painful episode, no doubt, but I don’t see it as another 2008. Probably time to pick up bargains for the long term, like high dividend tech and oil majors.

To: TobagoJack who wrote (155625)	3/31/2020 9:04:21 AM
From: Lazarus	Read Replies (1) \| Respond to of 218709

*re: <<<in HK, mortgages at max 50% of transaction value these days,* >>>** wow! in US we would not have a real estate market for the working class if that were the case. we required very little "skin in the game", no recourse, and another thing to mention. When buying the house with min down, if economy goes to hell in a handbag not only do you not have to worry about no recourse but the foreclosure process takes a min of 6 mos and have seen situations where it took two plus years for banks to act -- so if you stay in your home for, say a year, and make no payments you would recoup all your down payment an then some. All the risk on the bank -- however must note that with only 3.5% down one must pay a premium for private mortgage insurance (PMI). So ~ 20% of the risk is insured against lost - as lender hopes to sell home for 80% LTV (which may or may not happen -- did not happen in housing crisis of 2008-2012)