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May 27, 2009



Thanks AC. Not sure where he's getting the 6.52% mtg rate...my boys have it between 5.25 and 5.375. Of course in the out months, July and August it should be in the high 5's based on yesterday's closes. Of course we could be at 6.50% in a week if this keeps up!

A C Shareholder

BTW Eric, Karl Denniger posted this off the E-Rates website today.


It shows that the real-time rate for a 30 year mortgage and you read that right going from 5.08 to 6.52. This is the market taking a HUGE dump. Bernake and the Brew Crew are done. Nice job for two months but the market done found you.

A C Shareholder


Out of everything that's going on right now, I would put this up at the top of the "Oh sh*t list." I do not understand this market, I do not understand the psychology, but I am staring into the abyss with what's happening in the Treasury market. Since they are effectively the only thing available in my 401K, I moved some money into TIPS. If Helicopter Ben wants to re-inflate who am I to argue.

"Sometimes that light at the end of the tunnel is an oncoming train."

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