Tag

Qeternity

Houses, Stocks & (Gov’t.) Stimuli

One Step Forward, Two Steps Back? What do the 2010 home buyer tax credits have to do with today’s stock market? After producing a huge spike — actually two, due to the initial credit being extended and expanded — the housing market resumed its swoon. With a vengance:  the second half of 2010 and well into...
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Stock Market Prediction: Election Eve Quiet

Eyes on the Prize “It will fluctuate.” –Financier JP Morgan, when asked what the stock market will do. “It’s tough to make predictions, especially about the future.” –Yogi Berra Regular readers of this blog know that I’m chary of making predictions — about the housing market or anything else. But, here’s a relatively safe one: ...
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Hurricane Sandy & Interest Rates

Pop quiz:  the consensus among mortgage lenders is that Hurricane Sandy will have the following effect on mortgage rates: A. Up. B. Down. C. No change. Answer:  C. That opinion seems to be based on two factors: 1) Hurricane Katrina’s negligible effect on interest rates in 2005; 2) the Fed’s commitment to keep rates low...
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