Stock Market. - Page 2

Yahooligan · 01-21-2008, 11:50 PM

This does not bode well for me, I have RSUs vesting 2/1. Grrrrrr.

cohee3 · 01-22-2008, 06:18 AM

Quote:

Originally Posted by Herbpov

For anyone who is invested in the Market, Hang on to your seat. Big crash on Tuesday Jan. 22 2008.

Time to buy!!

07cajuntitan · 01-22-2008, 06:52 AM

I'm not worried about my retirement savings....I am far from retirement. It's my savings investments that really hurt. Too late to do anything now - I guess I will just ride it out like I did in 2001.

37L1 · 01-22-2008, 06:55 AM

The drinks flow
People forget
That big wheel spins, the hair thins
People forget
Forget they're hiding
The news slows
People forget
The shares crash, hopes are dashed
People forget
Forget they're hiding.

Behind an eminence front
An eminence front - it's a put-on
It is an eminence front
Eminence front – It’s a put-on
An eminence front
An eminence front - put-on

bestatchess · 01-22-2008, 06:56 AM

Relax, Dubya's switching back to the gold standard, should stabilize everything shortly.

**roy365** · 01-22-2008, 06:58 AM

^^^^^oh boy......thats good stuff there. ^^^^^^^^

**roy365** · 01-22-2008, 08:13 AM

http://articles.moneycentral.msn.com...aspx?GT1=10825

some of your terms sound awful familiar?

rrumaner · 01-22-2008, 08:21 AM

I am about to refinance my mortgage from 5.75 down to 5.00 thanks to this bad news. That alone will save me over $300 a month. So it is not all bad news.

Yahooligan · 01-22-2008, 08:30 AM

Quote:

Originally Posted by rrumaner

I am about to refinance my mortgage from 5.75 down to 5.00 thanks to this bad news. That alone will save me over $300 a month. So it is not all bad news.

The cut was to short-term interest, this won't affect mortgages but will cut rates on credit cards and other short-term consumer loans.

**roy365** · 01-22-2008, 08:32 AM

it's just money.......they print more every day!

kman · 01-22-2008, 08:42 AM

Quote:

Originally Posted by rrumaner

I am about to refinance my mortgage from 5.75 down to 5.00 thanks to this bad news. That alone will save me over $300 a month. So it is not all bad news.

who will you be refinancing with, do tell?

rrumaner · 01-22-2008, 08:57 AM

Quote:

Originally Posted by kman

who will you be refinancing with, do tell?

Had a nice conversation with CountryWide this morning. I have had my mortgage with them for the past 10 years and have never missed a paayment date. They want to keep me so they are willing to work with me to get a lower rate. 5.00 fixed for 30 with no points to refi.

mika777 · 01-22-2008, 09:11 AM

Quote:

Originally Posted by rrumaner

I am about to refinance my mortgage from 5.75 down to 5.00 thanks to this bad news. That alone will save me over $300 a month. So it is not all bad news.

Same here.

tholmes · 01-22-2008, 09:48 AM

Quote:

Originally Posted by Yahooligan

The cut was to short-term interest, this won't affect mortgages but will cut rates on credit cards and other short-term consumer loans.

Mortgage companies generally base their rates off of the 10 year note, which was effected by the interest rate cut. If you finance or refi with a mortgage company that does use that as their basis for their prime, then it can lower your rate.

kman · 01-22-2008, 10:14 AM

Quote:

Originally Posted by rrumaner

Had a nice conversation with CountryWide this morning. I have had my mortgage with them for the past 10 years and have never missed a paayment date. They want to keep me so they are willing to work with me to get a lower rate. 5.00 fixed for 30 with no points to refi.

Thanks for the info!