Fed Cuts Rates .50

[jonas]

hopefuly this will get this damn economy going

[Mike AI]

I think it will help Jonas.... hopefully republicans get into office and cut taxs, capital gains taxs, and maybe push for tax reform. This would go a long way in getting things right again!!

[Buff]

It might help in the short run, but in the long run, it will create inflation and wreck the economy.

[Dianna Vesta]

There have been new tax laws affecting capital gains.

Real Estate is a winning ticket now. I've always made nice money from it. I buy old ugly houses, fix them up, rent them out and wait. There's a bunch of great deals here in florida on low income housing. Rates are low.. good time to invest.

[Monk]

Not so sure about that Diana.

Real estate is in a bubble that is about to burst like the stock market did/is. Not saying there might not be some good deals out there but what seems like a good deal today may not seem that way in a couple years.

It is interesting that after four straight days up, when the Fed cuts interest rates from 1.75% to 1.25% the stock market goes down, and so far today it is down again. I thought interest rate cuts were supposed to make the market go up? It seems the stock market has taken the rate cut as a sign that the Fed really thinks the economy is in big trouble.

I would like to see the Republications take some big steps like eliminating the tax on dividends.

[wig]

Markets are an anticipatory mechanism, which is why fundamentals fail so miserably as a predictor.

I'm sure you have heard the phrase, "buy the rumor, sell the fact".

Mass psychology is patterned and history repeats itself in this vein. If you are really interested in understanding market movement, you will dismiss fundamentals and look for a mathematical, fly by your instruments approach.

[JerryW]

Originally posted by Monk@Nov 8 2002, 09:35 AM
Real estate is in a bubble that is about to burst like the stock market did/is. Not saying there might not be some good deals out there but what seems like a good deal today may not seem that way in a couple years.

Unlike the stock market, there isn't just one real estate market, each region has it's own. In the 80's San Franciso was going like gang busters because of high tech while Houston was in the dumps because of oil. Now with the dot bomb S.F. is having hard times.

Diana and I are both in S. Florida, where vacationers and retirees drive the prices. Unless people stop vacationing or retireeing here, I don't see the market bursting. And with the baby boomers starting to retire, I see a strong demand for the next several years here. Other areas are driven by different factors and will react differently.

[Monk]

Unless people stop vacationing or retireeing here, I don't see the market bursting. [quote]

That seems impossible to you? In fact, I think less people will be retiring anytime soon because the stock market has, and will continue to, knock the shit out of their retirement accounts.

Also, a bad economy will cause less vacationing, along with continued terrorist threats.

Every bubble bursts.

[Peaches]

More and more retirees are going to Arizona also :P

I'm going to buck tradition and retire to Alaska

[wig]

Originally posted by Peaches@Nov 8 2002, 10:57 AM
More and more retirees are going to Arizona also :P

I'm going to buck tradition and retire to Alaska

And what, leave me here by my lonesome?

[Peaches]

And what, leave me here by my lonesome?

I'll be back to visit when it gets REALLY cold in Alaska
And think of it - you'll have a free place to stay to go salmon and snag fishing!

Though I've been looking more towards Idaho/Montana/Wyoming....shorter plane trips back to GA

[wig]

Now it is starting to sound good.

[MissEve]

Originally posted by Peaches@Nov 8 2002, 10:57 AM
More and more retirees are going to Arizona also :P

I'm going to buck tradition and retire to Alaska

Peaches, you can move in with me! We can hole up all winter and drink wine and watch movies!

[Winetalk.com]

Originally posted by MissEve+Nov 8 2002, 02:03 PM-->