Interest rates are headed south in response to a slowing economy and lack of demand for credit. Markets will correct sharply in 2024. Not sure about the OTC, but who is.
That works for me too Blue Skys (as long as it includes ETEK). The Fed has to refinance about half of its debt obligation in a few months. Most of the expiring debt is written at a much lower rate than the interest rate today. I'm of the opinion that the Fed and the Govt have been making decisions that benefited them short term and will continue to do whatever they need to benefit themselves in the short-term future (even though the interest rates probably are best where they are). So, IMO interest rates could fall albeit maybe only short term to facilitate the upcoming Fed bond sales. Seems like peeps are holding off borrowing for big ticket items like houses and cars which would also facilitate lowering interest rates. IMHO HB PS> Did I ever tell u I once owned a Cat 30 sailboat named "Blue Sky"?
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