Zeev's Turnips Patch-No Politics (ZEEV)

[sylvester80]

Excuse me but... other than the last 0.5% cut (which is all but disappeared as mortgage rates are now higher than before the cut), interests have been this low for the last year while the markets have been crashing. So maybe you can explain why with those low rates during the last year, the markets continued to paint new lows. It looks to me that valuation matters and matters quite a lot.

Also you better be very afraid looking at those credit rates climb. And from the looks of things on today's newspaper, things don't look good going forward. The consumer is full of debt now more than ever. With the uptick in mortgage rates and the disappearance of 0% credit starting, watch out... you may not see the results quite yet, but you will by January and they will be ugly for the markets...

But that's JMHO.