Ignore the taper says Tepper (David), appearing on CNBC, and instead focus on the fact that...


Ignore the taper says Tepper (David), appearing on CNBC, and instead focus on the fact that rates will be kept at these extraordinarily low levels until unemployment is far lower. "Bottom line: When the dust settles, there's only one place to be - stocks."
Comments (11)
  • ComputerBlue
    , contributor
    Comments (1365) | Send Message
     
    That's right folks. Stocks for breakfast, lunch and dinner. He's basically saying "No need to think we'll see any pro-business policies in our future. We have Ben."
    21 Jun 2013, 08:18 AM Reply Like
  • bbro
    , contributor
    Comments (11227) | Send Message
     
    At 4% mortgage rates mortgage payment to median family income is 15%....before 3 previous recessions this % was...1990 26%...2000 24% 2007 24%
    21 Jun 2013, 08:22 AM Reply Like
  • june1234
    , contributor
    Comments (4411) | Send Message
     
    Yeap. If you can get one. NAR reported there were 2.16 million homes listed for sale in a country of 320 million people where the census bureau reports there are 18.5 million vacant homes in US . Lot of competition for that 4% mortgage Banks can afford to be real choosy.
    21 Jun 2013, 08:48 AM Reply Like
  • ComputerBlue
    , contributor
    Comments (1365) | Send Message
     
    I just closed on a property for 2.75% through BOA. It seemed as if they needed every piece of paper that was ever issued to me. Given the past, I dont blame them one bit.
    21 Jun 2013, 08:53 AM Reply Like
  • bbro
    , contributor
    Comments (11227) | Send Message
     
    Savings Deposits to Total Market Cap ratio as of the end of yesterday
    40.9%....at the market top in 1987 it was 29.1%
    21 Jun 2013, 08:32 AM Reply Like
  • tom_t
    , contributor
    Comments (318) | Send Message
     
    A completely meaningless statistic.
    21 Jun 2013, 09:12 AM Reply Like
  • bbro
    , contributor
    Comments (11227) | Send Message
     
    Excellent...love the dismissal....if you figured out why it is important I would be worried...
    21 Jun 2013, 09:37 AM Reply Like
  • tom_t
    , contributor
    Comments (318) | Send Message
     
    Oh, I know why you think it is important. You think there is a lot of money on the sidelines just waiting to get back into the market, because their savings accounts pay squat. There are other reasons for putting more money into savings accounts.
    21 Jun 2013, 09:55 AM Reply Like
  • Financial Insights
    , contributor
    Comments (928) | Send Message
     
    Everyone buy stocks until Tepper can safely liquidate his positions, and make another billion.
    21 Jun 2013, 09:11 AM Reply Like
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
     
    Plenty of selling in the Treasury markets. Every bid up is sold. I do not doubt we will see 2.75-3% on the 10yr, but then there may be a sustained bid back to the lower end of the (new) range. The point though is that there is selling pressure, coming from foreign and domestic holders.
    21 Jun 2013, 10:37 AM Reply Like
  • june1234
    , contributor
    Comments (4411) | Send Message
     
    Japan has been doing low rate thing for 20+ yrs. Once you go down that road it tough to leave.
    21 Jun 2013, 11:06 AM Reply Like
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