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Old 09-22-2011, 07:46 AM
Parallax Parallax is offline
Join Date: May 2011
Posts: 219
Default Re: Reality vs McArdle II

Originally Posted by Don Zeko View Post
Thanks for adding some data. I can't believe we're leaving money on the table like this.
You are welcome. In fact right now it has gone down to 1.77%.

We are headed for big losses today and Friday I think. Beside the stock market commodities are down too: WTI crude is down more than 4% now trading slightly above $82 per barrel. I doubt we will get a replay of 2008 as some predict but it is going to be ugly. If the payroll tax goes up in January it will be uglier, if there is a government shut down between now and end of the year then the situation will be catastrophic. Next Fed meeting is on Nov. 2nd up until then there will be nothing to improve the markets.
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