Replies to post #23164 on Cycle Trading

[Duma]

I saw that, not good at all. In the TV report I saw that noted exactly what I said, if one can not buy a home then how do they expect to be able to retire on a SS retirement and still make house payments. Not possible. To retire one has to have a paid for house.

[farooq]

House prices will drop 10% with every 1 % increase in interest rate for first 2 point then drop will be reduced. There is not a single occurrence that mortgage rate increase and price of the house is not dropped. Timber is already falling down. Cost of material will come down also along with big items which are in shortage now.
Market also correct about 9% for every one point increase.
We might see SPY under 400 sooner than later. We are in distribution phase IMOP.