Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 01-22-2008, 09:14 AM   #81
Full time employment: Posting here.
Retire Soon's Avatar
 
Join Date: Nov 2005
Posts: 655
I'm not worried about individual investors panicking during this crisis. It's the mutual fund and pension fund managers that I worry about. Today's small investors are much more financially educated and sophisticated than what many people give them credit for. Many are invested in 401Ks, 403bs, and IRAs and are in it for the long haul.
__________________

__________________
Retire Soon is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-22-2008, 09:24 AM   #82
Thinks s/he gets paid by the post
OAG's Avatar
 
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,598
IMHO this rate cut will not help the market in the long run (falling value of the dollar), but will help A LOT of ARM "victims"/holders maybe not lose their homes - which may have been the real intent of the action.
__________________

__________________
Vietnam Veteran, CW4 USA, Retired 1979
OAG is offline   Reply With Quote
Old 01-22-2008, 10:41 AM   #83
Thinks s/he gets paid by the post
lazygood4nothinbum's Avatar
 
Join Date: Feb 2006
Posts: 3,895
does that mean my house will sell now?
__________________
"off with their heads"~~dr. joseph-ignace guillotin

"life should begin with age and its privileges and accumulations, and end with youth and its capacity to splendidly enjoy such advantages."~~mark twain - letter to edward kimmitt 1901
lazygood4nothinbum is offline   Reply With Quote
Old 01-22-2008, 11:44 AM   #84
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Fed rate cuts might have little or no effect on the mortgage markets.

I think it reeks of desperation and worry. They should have cut a half point at the last meeting and then a quarter at this one. Would have sent a better message and might have avoided some of the concerns about how the fed is reacting.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Old 01-22-2008, 12:01 PM   #85
Thinks s/he gets paid by the post
OAG's Avatar
 
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,598
Does it not have an impact on "resets"?
__________________
Vietnam Veteran, CW4 USA, Retired 1979
OAG is offline   Reply With Quote
Old 01-22-2008, 12:18 PM   #86
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 1,543
most ARM's are based on LIBOR plus a premium

last year libor was like 5.5%, now it's like 3.8% partly due to rate cuts. if we have more trouble with banks where they may go belly up than the LIBOR will go up.

i believe it's controlled by British bankers and is not an exact number but an average of different banks charging slightly different rates to each other
__________________
al_bundy is offline   Reply With Quote
Old 01-22-2008, 12:31 PM   #87
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
The london interbank rates are one index arms are tied to, others include COFI and treasury indexed plus a premium.

I dont think any ARMS are tied to the fed funds rate, although movements in the fed rates can have intermediate to long term effects on other indexes that ARM's are based on.

I wouldnt expect this to have any huge immediate effect on ARM resets taking place over the next couple of months. It'll probably have more effect (negative) on money market rates.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Old 01-22-2008, 12:44 PM   #88
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
clifp's Avatar
 
Join Date: Oct 2006
Posts: 7,450
Damn where is the panic.

I got up pretty early for me (I am retired after all) and the market has already bounced back. The financial are mostly up, dow and S*P down only 1.2%.

So much for bargain hunting.

I don't get it world is ending, the world wide financial system is about ready to collapse, the folks in China, Asia and even Europe have been engaged in two days of panic selling. There is trillions of dollars of dodgy debt owned by naive oil shieks, and Chinese factory owners all starting to panic. It is 1987, or 1932 all over again.

Why aren't you all selling?

Please Please follow Cramer's advice and SELL, SELL, SELL. Tell your friends SELL, SELL, SELL
and when you are all done please tell me so I can

BUY, BUY, BUY.
__________________
clifp is offline   Reply With Quote
Old 01-22-2008, 12:46 PM   #89
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Keep your powder dry folks. Hold your allocations, do your rebalancing, and buy stuff thats being put on fire sale.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Old 01-22-2008, 12:49 PM   #90
Thinks s/he gets paid by the post
twaddle's Avatar
 
Join Date: Jun 2006
Posts: 1,378
I hear Intel is having a fire sale. And it's been going on for 8 years now.
__________________
twaddle is offline   Reply With Quote
Old 01-22-2008, 01:42 PM   #91
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,408
Being a Boglehead - I suggest stay the course! (with serious money that is!)

Remember this - Sunday 2/3 Superbowl and 2/5 Mardis Gras Day WILL NOT be canceled due to weather.

Plus I heard on good authority the Pats have a good football team.

Greed/fear/lust/passion - man I wish I had more mad money. I'm thinking maybe Caribean later this winter(renewed my Passport) - or should I lust after falling knives.

heh heh heh - decisions, decisions .
__________________
unclemick is offline   Reply With Quote
Old 01-22-2008, 01:52 PM   #92
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Quote:
Originally Posted by Wags View Post
Agree the US does not build anything anymore but get the popcorn ready it is going to be interesting morning and day.

Could any of this be attributed to GREED?

Let's hope that the U.S government does not have to bait out the people who made bad investments.

GOD BLESS
Wags, you need new material..........time to put some REAL thought into your posts...........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Old 01-22-2008, 01:53 PM   #93
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Quote:
Originally Posted by twaddle View Post
I hear Intel is having a fire sale. And it's been going on for 8 years now.
No fair!! I've been buying MSFT for 8 years!!
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Old 01-22-2008, 02:38 PM   #94
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
TromboneAl's Avatar
 
Join Date: Jun 2006
Posts: 11,196
Quote:
Wags, you need new material
I think the concept of baiting out bad investors is quite novel, and worth a try.
__________________
Al
TromboneAl is offline   Reply With Quote
Old 01-22-2008, 03:33 PM   #95
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Quote:
Originally Posted by twaddle View Post
I hear Intel is having a fire sale. And it's been going on for 8 years now.
What is it Wab, a bit of a slow day? Rain keeping you in the house?

Yeah, they've slumped a little since a couple of their best people left about 8 years back.

Good news is a lot of people bought in when it was 12-16 while I was recommending it, and a fair number of those got out when it was in the mid to high 20's. Although I thought it still had a little headroom to it from there and I think it'll be back. The selling is a bit overdone.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Old 01-22-2008, 03:41 PM   #96
Thinks s/he gets paid by the post
twaddle's Avatar
 
Join Date: Jun 2006
Posts: 1,378
Quote:
Originally Posted by cute fuzzy bunny View Post
Yeah, they've slumped a little since a couple of their best people left about 8 years back.
Well, my point wasn't really about INTC specifically. There are plenty of stocks that haven't recovered yet. In fact, the returns of the S&P 500 for the last 10 years have been below CD yields.

I just thought it was amusing that two ex-Intel guys were talking about buying at fire sale prices. How do you know when the sale is over?
__________________
twaddle is offline   Reply With Quote
Old 01-22-2008, 04:24 PM   #97
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Nothing is over until we decide it is!

Was it over when the Germans bombed Pearl Harbor?

Hell no!

And it ain't over now. Cause when the goin' gets tough...the tough get goin'!

Who's with me? Let's go!!!!!!!
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Old 01-22-2008, 04:29 PM   #98
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,072
Quote:
Originally Posted by cute fuzzy bunny View Post
Was it over when the Germans bombed Pearl Harbor?
Nein, Hare Herr Bunny!
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 01-22-2008, 04:36 PM   #99
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Quote:
Originally Posted by cute fuzzy bunny View Post
Nothing is over until we decide it is!

Was it over when the Germans bombed Pearl Harbor?

Hell no!

And it ain't over now. Cause when the goin' gets tough...the tough get goin'!

Who's with me? Let's go!!!!!!!
LET'S DOOOOOO IIIIIIITTTTTTTTTTT!!!!!!!!!!!!!!!
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Old 01-22-2008, 04:37 PM   #100
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
WAAAAAAAAAAAAAAAAAAHHHHHHHHHHH!!!!

Oh shoot, the markets are closed...
__________________

__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Bear Markets...Just so you know mark500 FIRE and Money 39 01-21-2008 07:30 PM
Anyone else having panic attacks about the market? newyorklady FIRE and Money 144 03-27-2007 06:42 PM
Accelerate The Plan--Panic Time yakers Other topics 18 09-14-2005 08:58 AM
Emerging Markets Spanky FIRE and Money 1 05-23-2005 08:08 AM
How confident are you in the markets? GTM FIRE and Money 19 10-22-2004 01:29 PM

 

 
All times are GMT -6. The time now is 05:15 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.