Maybe a quick pop...basically something to short into if it does.
They've already shown that lowering has not transalted to 'real' lower rates throughout financial world. Mortgage (interest) rates are still at same levels as when we were at 5.25%.
Cutting will, howeve, give gold a reason to go nuts.
2 comments:
if anybody has a minute...how do you think an interest rate cut will effect the market (mainly financials) today?
do you think it's already priced in? will it help or hurt financials?
It won't do much to financials IMO, Nate.
Maybe a quick pop...basically something to short into if it does.
They've already shown that lowering has not transalted to 'real' lower rates throughout financial world. Mortgage (interest) rates are still at same levels as when we were at 5.25%.
Cutting will, howeve, give gold a reason to go nuts.
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