Hi Gy. It's October already.
I was wondering if since the 'sell in May' didn't pan out this year if the same would be true for Oct., which is one of the best months to buy into the usual year end tape painting rally.
I've mixed feelings on the interest rates going up. On the one hand, it hurts those that have already or will want to borrow money (ie equity lines, ARMs). On the other hand, those low risk CD investments start to look more attractive.
Now it looks like we'll see an unprecedented increase in heating costs across the board going into the winter?
A million more people were added to the list of those that live in poverty?
Record family debt vs savings ratios.
There's a growing list of concerns for sure. Even lowering interest rates may not help, if it helps to create more debt.
If we're seeing these shots of folks in Florida that still live in Fema trailers two years after their 'caine, what on earth will happen to those along the path of Katrita?
If materials needed to rebuild across the board are higher everywhere, will the folks that have a total loss actually be able to rebuild? Most likely the banks (mortgagers) will take a hit. They will get the insurance checks and disperse funds to the owners as the rebuilding/repairing occurs. The ones that were mortgaged and had an equity line to boot on their residence may decide to walk. I hope not.
I wish I had bought gold back in the 200's not long ago. Shoulda, coulda.
The economy sucks.
I really believe NT bottomed awhile back. I can't believe LU has kept up, as their fundamentals really suck. I'm still holding NT and CIEN since spring before last. I may actually get my money back one day. It didn't look like it for a long time. This would be the bright spot in this post I guess. lol.
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