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Re: Stock Market "Reset"? [Re: jbyrd63] #8126134 04/21/24 01:25 PM 04/21/24 01:25 PM
Joined: Mar 2007 McGrath, AK W white17 "General (Mr.Sunshine) Washington"
white17 "General (Mr.Sunshine) Washington" W Joined: Mar 2007 McGrath, AK	Originally Posted by jbyrd63 Originally Posted by Marty In 2009 the dow was 7600 and now almost 40,000. The usa as a whole must be in great shape.... LOL spoken like a true biden fan. Reality is stocks trading at 70 times didvidends is make belive money. Changing the way negative factors are measured to influence the market is what drives it now. Think about it. When rates went to 5.5 the world came to an end. Market plunged. BUT when it was 6.5 and there was a RUMOR that rates would drop in 3 momths it sky rocketed. Ask yourself what actually changed? I can tell you what changed and please fact check me. Bidens rating hit all time low. TRUMP passed him in the polls. Dems went to grasping for SOMETHING they could point at. Analyst keep saying American's are still spending. YES but the US citizens average debt quadrupled since last November. That bill will come due and look out. 2008 all over again. I don't think it will be as severe but close. Rates have not been 6.5 % since August of 2000 Mean As Nails

Re: Stock Market "Reset"? [Re: yotetrapper30] #8126158 04/21/24 02:24 PM 04/21/24 02:24 PM
Joined: May 2011 Kansas K Kansas Cat trapper
Kansas Cat trapper K Joined: May 2011 Kansas	Don't stop him now, he is on a roll! Watch out Marty, if Biden hears you are a fan he might call you personally. LOL. Last edited by Kansas Cat; 04/21/24 02:25 PM.

Re: Stock Market "Reset"? [Re: yotetrapper30] #8126159 04/21/24 02:26 PM 04/21/24 02:26 PM
Joined: Jan 2014 North East Kansas Marty trapper
Marty trapper Joined: Jan 2014 North East Kansas	I would luv to speak with joey Rise and Rise Again Until Lambs Become Lions

Re: Stock Market "Reset"? [Re: yotetrapper30] #8126232 04/21/24 05:44 PM 04/21/24 05:44 PM
Joined: Feb 2014 Ky J jbyrd63 trapper
jbyrd63 trapper J Joined: Feb 2014 Ky

Re: Stock Market "Reset"? [Re: yotetrapper30] #8126254 04/21/24 06:13 PM 04/21/24 06:13 PM
Joined: Feb 2014 Ky J jbyrd63 trapper
jbyrd63 trapper J Joined: Feb 2014 Ky	Really WHITE? What planet you from. You normally have great advice given with facts to back it The fed raised prime rates on SEPTEMBER 22 2023 to 6.25% Not sure what interest you are referring to. The up and down on mortgage rates , false GDP ( government aid and oil exports) all drive the market

Re: Stock Market "Reset"? [Re: Kansas Cat] #8126258 04/21/24 06:15 PM 04/21/24 06:15 PM
Joined: Feb 2014 Ky J jbyrd63 trapper
jbyrd63 trapper J Joined: Feb 2014 Ky	Originally Posted by Kansas Cat Don't stop him now, he is on a roll! Watch out Marty, if Biden hears you are a fan he might call you personally. LOL. If he was a woman he’d sniff his hair.

Re: Stock Market "Reset"? [Re: yotetrapper30] #8126271 04/21/24 06:43 PM 04/21/24 06:43 PM
Joined: Dec 2010 Armpit, ak D Dirt trapper
Dirt trapper D Joined: Dec 2010 Armpit, ak	Prime rate, federal funds rate, COFI The prime rate, as reported by The Wall Street Journal's bank survey, is among the most widely used benchmark in setting home equity lines of credit and credit card rates. It is in turn based on the federal funds rate, which is set by the Federal Reserve. The COFI (11th District cost of funds index) is a widely used benchmark for adjustable-rate mortgages. Click on the links below to find a fuller explanation of the term. Prime rate, federal funds rate, COFIUpdated: 2024-04-16 This Week Month Ago Year Ago Federal Discount Rate 5.5 5.5 5 Fed Funds Rate (Current target rate 5.25-5.50) 5.5 5.5 5 WSJ Prime Rate 8.5 8.5 8 Source Bankrate.com Who is John Galt?

Re: Stock Market "Reset"? [Re: yotetrapper30] #8126299 04/21/24 07:23 PM 04/21/24 07:23 PM
Joined: Feb 2014 Ky J jbyrd63 trapper
jbyrd63 trapper J Joined: Feb 2014 Ky

Re: Stock Market "Reset"? [Re: yotetrapper30] #8126301 04/21/24 07:23 PM 04/21/24 07:23 PM
Joined: Feb 2014 Ky J jbyrd63 trapper
jbyrd63 trapper J Joined: Feb 2014 Ky	https://www.commercebank.com/about-us/prime-rate-update

Re: Stock Market "Reset"? [Re: yotetrapper30] #8126315 04/21/24 07:40 PM 04/21/24 07:40 PM
Joined: May 2011 Oakland, MS yotetrapper30 OP trapper
yotetrapper30 OP trapper Joined: May 2011 Oakland, MS	Pretty sure White was referring to the federal funds rate, which is the one that is set by the Federal Reserve.

Re: Stock Market "Reset"? [Re: yotetrapper30] #8126318 04/21/24 07:43 PM 04/21/24 07:43 PM
Joined: Mar 2007 McGrath, AK W white17 "General (Mr.Sunshine) Washington"
white17 "General (Mr.Sunshine) Washington" W Joined: Mar 2007 McGrath, AK	The discussion was not about mortgage rates or the prime rate that commercial lenders charge their best customers. You mentioned that the market reacted to a rumor that rates would drop in three months............You said............" was a RUMOR that rates would drop in 3 momths it (the market)sky rocketed". They weren't talking about mortgage rates. The "rumors" were about the Federal Funds Rate.....that is set by the Fed and all other rates are based on that rate. Ill say it again. The fed funds rate has not been at 6.5% or higher since August of 2000. https://fred.stlouisfed.org/series/FEDFUNDS Mean As Nails

Re: Stock Market "Reset"? [Re: yotetrapper30] #8126324 04/21/24 07:50 PM 04/21/24 07:50 PM
Joined: Dec 2010 Armpit, ak D Dirt trapper
Dirt trapper D Joined: Dec 2010 Armpit, ak	"YES but the US citizens average debt quadrupled since last November." "The total consumer debt balance increased to $17.1 trillion in 2023, up 4.4% from 2022's $16.38 trillion total. Growth in 2023 was slower than the 7% increase from 2021 to 2022. With the exception of student loan debt, almost every major category of consumer debt increased in the 12 months that concluded with Q3 2023." Source: experian.com Who is John Galt?

Re: Stock Market "Reset"? [Re: jbyrd63] #8126329 04/21/24 08:02 PM 04/21/24 08:02 PM
Joined: Mar 2007 McGrath, AK W white17 "General (Mr.Sunshine) Washington"
white17 "General (Mr.Sunshine) Washington" W Joined: Mar 2007 McGrath, AK	Originally Posted by jbyrd63 Really WHITE? What planet you from. You normally have great advice given with facts to back it The fed raised prime rates on SEPTEMBER 22 2023 to 6.25% Not sure what interest you are referring to. The up and down on mortgage rates , false GDP ( government aid and oil exports) all drive the market Just to be clear. The Fed does not set the "prime rate". That rate is set by individual banks and is usually the Fed funds rate plus 3%. It can vary from bank to bank Mean As Nails

Re: Stock Market "Reset"? [Re: yotetrapper30] #8126333 04/21/24 08:05 PM 04/21/24 08:05 PM
Joined: May 2010 MN S Steven 49er trapper
Steven 49er trapper S Joined: May 2010 MN	Rates should have stayed at 6.5 percent. Before I'm asked what planet I'm from, I'm referring to the Federal reserve fund rate "Gold is money, everything else is just credit" JP Morgan

Re: Stock Market "Reset"? [Re: yotetrapper30] #8126339 04/21/24 08:21 PM 04/21/24 08:21 PM
Joined: Feb 2014 Ky J jbyrd63 trapper
jbyrd63 trapper J Joined: Feb 2014 Ky	Ok my bad ! Guess I should have asked what rate you were referring to My apologies

Re: Stock Market "Reset"? [Re: yotetrapper30] #8126347 04/21/24 08:30 PM 04/21/24 08:30 PM
Joined: Jan 2014 North East Kansas Marty trapper
Marty trapper Joined: Jan 2014 North East Kansas	Rise and Rise Again Until Lambs Become Lions

Re: Stock Market "Reset"? [Re: yotetrapper30] #8126458 04/22/24 02:04 AM 04/22/24 02:04 AM
Joined: Dec 2006 Moved to Fbks, Ak. M martentrapper trapper
martentrapper trapper M Joined: Dec 2006 Moved to Fbks, Ak.	It sounds like we are near in the same position as 2008. If you remember that year, price of oil went over 100 bucks/barrel. Almost hit 150. High gas prices, and other petroleum products is what I think caused the house of cards to crumble. We are more or less in the same position now. With Isreal and Ukraine problems and other threats to stability, oil is likely to continue up. Biden isn't helping. Just a matter of time!

Re: Stock Market "Reset"? [Re: yotetrapper30] #8126570 04/22/24 09:40 AM 04/22/24 09:40 AM
Joined: May 2011 Kansas K Kansas Cat trapper
Kansas Cat trapper K Joined: May 2011 Kansas	We are living in a different world than 2008. The balance of power in the petroshere has shifted dramatically. The US is at or near record production levels and OPEC is mothballing production in order to keep oil prices levitating. Yes, the strategic election reserve was depleted by 50% to influence the last election, but plenty of spare capacity exists worldwide. There are plenty of wildcards but I don't think the trouble will come from the oil market.

Re: Stock Market "Reset"? [Re: yotetrapper30] #8126622 04/22/24 11:23 AM 04/22/24 11:23 AM
Joined: Dec 2010 Armpit, ak D Dirt trapper
Dirt trapper D Joined: Dec 2010 Armpit, ak	I think 2008 was about Mortgage Backed Securities, not oil. However, you guys are telling the story. Who is John Galt?

Re: Stock Market "Reset"? [Re: yotetrapper30] #8126656 04/22/24 12:45 PM 04/22/24 12:45 PM
Joined: Feb 2016 Kentucky ky_coyote_hunter trapper
ky_coyote_hunter trapper Joined: Feb 2016 Kentucky	Back in '08, the lenders were giving loans to people who had no prayer of paying it back. Member - FTA

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