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Started By
Message
re: How many points will the market drop tomorrow?
Posted on 3/29/20 at 7:38 pm to Janky
Posted on 3/29/20 at 7:38 pm to Janky
quote:
All this will be a complete surprise to the market. It doesn’t expect any of this.
i don't think the market expected another 60 days of a shut down...
that's what i got out of the today's presser...
he's trying to play both hope and reality...
today he decided to drop the bomb
30 more days, probably June 1 before we're out of the woods...
foreclosures everywhere
they are going to have to just decide to forgive mortgages
give incentives to people who stay current in payments..
A pause is going to be necessary...
that's the biggest bill in everyone's budget
4
Posted on 3/29/20 at 7:40 pm to ApexTiger
We shall see. BTW, I am not saying the bottom is in.
This post was edited on 3/29/20 at 7:41 pm
Posted on 3/29/20 at 7:47 pm to ApexTiger
quote:
foreclosures everywhere
This will be interesting to see... I don’t think it will be that bad. Wells Fargo already emailed me stating they are doing 90 day relieve on mortgages.
I don’t know what the qualifiers are or what the relief looks like, but I don’t think there will be mass foreclosures during this.
Posted on 3/29/20 at 9:31 pm to ApexTiger
quote:
foreclosures everywhere
This isn't going to be the problem - most mortgages are backed by FHA, VA or USDA. Mainly getting the holders to waive or suspend interest for 90 days as well as just tacking on 3 months by agreement - a "pause" button if you well.
The problem will be landlords and tenants. I think states have some degree of power to suspend evictions and a package of that might stabilize folks in their homes.
So, it being an actual crisis for the needy should be manageable.
By the time the stimulus checks hit, they're going to need another $350B to do it again.
The WWII analogy is correct - it is going to be as expensive as WWII.
Posted on 3/30/20 at 12:44 am to ApexTiger
quote:
i don't think the market expected another 60 days of a shut down...
that's what i got out of the today's presser...
he's trying to play both hope and reality...
today he decided to drop the bomb
30 more days, probably June 1 before we're out of the woods...
foreclosures everywhere
they are going to have to just decide to forgive mortgages
give incentives to people who stay current in payments..
A pause is going to be necessary...
that's the biggest bill in everyone's budget
But the Trump Admin has been doing a GREAT job!!! Love him more than ever, after this GREAT job!! It's just all overreacting!!! The MEDIA controls the STOCK MARKET!!!
No one gives a shite about how poorly this administration has done in dealing with this crisis - how behind they were in being pro-active and being prepared, even with a wealth of information that HIS OWN ADMINISTRATION provided to him.
Trump chose to tune out the experts and authorities, listen to JARED KUSHNER! That should have told you all all you needed to know, but no - TRUMP IS GREAT!!! TRUMP IS LEADING US!!! TRUMP IS IN CONTROL!!!
makes me sick. too bad I don't have a test for this yet....
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