New low for Dollar against Euro

[FreakinDJ]

New low for Dollar against Euro

The stock market about to top 10,000 once again. Bond funds still rising in the face of securities fraud investigations.

Could this be the sign the overly inflated housing market is about to take a dump ?

Lets face it, we have been living in an economy fueled by the refi market for 2 years now. Sooner or later all this paper wealth is going to catch fire

[Kolesar]

1. Does this mean my portfolio just took another 25% dive in value?

Stocks, cash, bonds, whatever...if it is in the US denomination it is worth less.

[Kremer]

2. You got it right!

"Could this be the sign the overly inflated housing market is about to take a dump ?"
BINGO we have a winner! Just read an article on Alternet.org that says looks like there is probably going to be a 3trillion dollar bubble on the horizon for the housing market!!! The shit is gonna really hit the fan then!!!!!!

[NoKingGeorge]

3. Dumb guy alert. How does new low and stmrkt at 10K translate

into housing market problem? I understand that if rates go up (by how much? .25? 1%?) people will no longer afford. But how does people investing (10K) and a low dollar cause housing mrkt to dry up?
thx in advance.

[FreakinDJ]

4. Very simple

As the market failed the smart money sunk every thing they had into real estate. Triggering the panic buying that has spiked the current prices. Speculation and a 40 year low intrest rate contributed to the paper economy and Ri-fi market.

Now the trend is starting to reverse it self.

Question is just how will the paper wealth created by the speculation and Ri-fi market translate as the rest of the world perceives the weakened US economy.

You are awear of all the foriegn real estate holdings companies that have unloaded their US holdings ?

[CaptainClark23]

8. RE holdings.

"You are awear of all the foriegn real estate holdings companies that have unloaded their US holdings ?"

Can you provide more on this please?

[rapier]

5. notes

The refi juggernaugt sank starting in June. All mortgage activity has slowed since the spring blow off that was coincident with the bottom in rates but refis especially have been decimated. That will remain the case until rates get near the spring lows, which won't happen in this generation. That is unless the markets vote for a command economy, in which case they won't be markets anymore. (That obscure comment will go unexplained)

The refi game was certainly the last great liquidity engine for the economy. I've been shocked that the end of it hasn't caused a bigger upheaval in the markets. It should be noted however that the end of the refi game was followed in short order by the shrinking of the money supply numbers. That isn't a coincidence. Again however it was a surpise to me that the stock market was able to rise in the face of the liquidity squeeze.

[kalian]

7. Stock market is being manipulated bigtime...

the PPT is now going "above and beyond" its duty. They're playing
the market in order to create a false sense of security for the
unlucky souls that have ventured into the market's dangerous
waters.
Everything is hype people...they control the media and the numbers.

[Rainbows]

9. DU Late Breaking Forum .. Stock Market Watch ...

Posts #8 & 11

CNN Money http://money.cnn.com/2003/12/10/pf/yourhome/mortage_demand.reut/index/htm

Home lender firing 7400
http://www.latimes.com/business/la-fi-wamu10dec10,1,1276170.story?coll=la-headlines-business

This is a pretty could feeling within the re-fi industry just what the future brings.

[rapier]

6. Bear case summary

That would be the bearish case for the dollar, stocks, bonds and all things financial.

http://www.prudentbear.com/internationalperspective.asp