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Its getting deeper and DEEPER

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Old 01-14-2009, 08:51 AM
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Default Its getting deeper and DEEPER



Like I said last year, we're going to dip into the 7000 range. Hang on to your panties tight and invest HEAVY in the Fall of 2009 or Spring of 2010.

Returns are going to be prettier at that time.

Can we sink to the high 6900 on the DOW?
Old 01-14-2009, 08:56 AM
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Wait until Obama pulls the troops...

Boeing is already giving 1 year notice for laysoffs... 15% of the force by the end of the year. Some of the Defense industries will help make our unemployment rates from 8.5% to 11% in the next few years.

Rumor has it.. Peir 1, William Sonoma, Nortel, is going bankrupt too..
Old 01-14-2009, 08:58 AM
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Don't be scared to invest though. Just be wise about it. I have family members making good returns in the Forex.

I'm looking into buying my next two houses though. I'm buying one with an FHA loan and another with a conventional loan. Interest rates are good and rents are high.
Old 01-14-2009, 08:58 AM
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Its going to be a great time to Refi the houses. 4.75% with 1 point right now.
Old 01-14-2009, 08:59 AM
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[quote name='Back-cracker' date='Jan 14 2009, 09:58 AM'] Its going to be a great time to Refi the houses.
Old 01-14-2009, 08:59 AM
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oil futures? hi BC!
Old 01-14-2009, 08:59 AM
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Originally Posted by ESCALVANTE' date='Jan 14 2009, 09:58 AM
Don't be scared to invest though. Just be wise about it. I have family members making good returns in the Forex.

I'm looking into buying my next two houses though. I'm buying one with an FHA loan and another with a conventional loan. Interest rates are good and rents are high.
How do you qualify for the FHA with you already own a home?
Old 01-14-2009, 09:00 AM
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Originally Posted by Back-cracker' date='Jan 14 2009, 09:56 AM
Rumor has it.. Nortel, is going bankrupt too..
Word just spread that they filed chapter 11. Not a good day around the office.
Old 01-14-2009, 09:00 AM
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Originally Posted by pierceman' date='Jan 14 2009, 09:59 AM
oil futures? hi BC!
Matt.. I was just at Honda World buying stuff from Jorge

I need to visit your HOME
Old 01-14-2009, 09:01 AM
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Originally Posted by leets' date='Jan 14 2009, 10:00 AM
Word just spread that they filed chapter 11. Not a good day around the office.
Already??!


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