Negative interest rates...A quick google search led to the idea that banks can charge a "storage fee" for keeping your money there. So this could mean I would pull my money out and start digging holes.
My take is that it is a wake up call to the market that saw it rebound too far, too fast, with the economy that is nothing like it was three months ago.
I look at negative rates as an incentive to get folks, and businesses, spending again. What I want to know is if mortgage rates could go negative? That wouldn't make sense but how would it be to be making interest, instead of paying it, on a six figure mortgage? There's a lot of people who would refinance and take out some cash to spend... and get interest for doing it.
Disclaimer: I may be totally wrong about how that works.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Negative interest rates...A quick google search led to the idea that banks can charge a "storage fee" for keeping your money there. So this could mean I would pull my money out and start digging holes.
The Legend of Wooley Swamp - Charlie Daniels Band
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
If they are going to pay me to REFI my mortgage again, they better pay my points and processing fees too.
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
Hi Whipsaw, Thanks for the cool song! Charlie Daniels can sure weave a great tale. Love this song... Legend of Wooley Swamp....yep gotta be careful about burying your gold in swampy backyard!!
P.S. Myself, I just like to keep my TSP Silver in a hidden drawer do I can pull some out and play with it. Love all those shiny coins... lol
Here is a very good Ira Epstein End of Day Financial video for 5-19-2020. I always watch Ira's videos, which Nnuut posts on the IE thread, but I really got a lot out of what he talked about today so I had to put it on my thread...gotta keep it. I really would like to take his charting course someday.
Best Wishes to Everyone!!!
https://www.youtube.com/watch?v=SddTrYNF06s
Don't take my comments as trading advice /IFT: 4-24-24=50G- 50C https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Hi T4J, thanks for that info on Ira Epstein. This morning I watched his 5/20/20 end of day video----very good. (he puts out several different ones each day). I very religiously watch his Financial End Of Day video Every DAY! I also watch his Morning Flash, when I have a chance...on coffee break. These are short videos...10-12minutes and if you watch the first 5 minutes You Are Set! He us now pointing out that we are at major resistance on C fund...100 day, 200 day plus upper Bollinger. S fund looks a bit better...but still high. Just gotta listen to what he says about this market...he says IF today is an up day, throw out Fibonacci and believes no second bottom...at least not to the original drop levels...but mentions if we have second corona breakout or other big event, it drops again. That is what he said yesterday evening, but right now market down a bit so Fibonacci still in play and we are still going sideways...at Major Resistance. Doesn't mean we can't break out.... but must be watchful here. He has indicated on the past two videos he does not like being in during sideways action.... Best Wishes to you all !!!
I took my charts and added in the 100 and 200SMAs...just to see where they are now...since Ira Epstein pointed them out.
SPX now.png
DWCPF -daily.png
Don't take my comments as trading advice /IFT: 4-24-24=50G- 50C https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Hope your having a restful Memorial Day Weekend! It's a time of remembrance for all who served. I grew up outside the gates of Lackland Air Force base and so close to base I could hear Reveille each morning and Taps each evening...
I also have had lots of my family who served. My great uncle served in WWII and died in France (not in Normandy) but passed there very close to the end of the war. Also my father served for a short time as did my sister and brother-in-law and my husband's father who was a B-52 pilot (who passed away more than 20 years ago). More recently my husband's Uncle, who fought in WWII in the Pacific, passed away... last Summer and he had a beautiful military service at Quantico National Cemetery in Virginia. Every time taps plays I just cannot help but well up with tears.
So many have given their lives for this great country, may God rest their souls. We are very blessed to live in the greatest country that has ever existed. My best wishes to each of you who have given of yourselves and served our country well. God Bless You!!!!!
flags graves.jpg
Last edited by DreamboatAnnie; 05-23-2020 at 07:32 PM.
Don't take my comments as trading advice /IFT: 4-24-24=50G- 50C https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Here are some new Daily charts--just posting the 6 month charts for now. 12 month and 4 month are coming soon. These show the indicators I am now using the most. The old chart links on my thread (page 215 - posts #2575 & 2576) will likely stay active for some time. But, I am now liking the 13EMA and 20 SMA crossovers for entry/exits, so those lines are now accented in these charts and what I am hoping to start using very soon. These are permalinks that automatically update everyday.
Best Wishes to you all on Your Investments!!!!!
6 Month Daily Charts
S Fund (DWCPF)
$DWCPF | SharpChart | StockCharts.com
C Fund (SPX)
$SPX | SharpChart | StockCharts.com
I Fund (EFA)
EFA | SharpChart | StockCharts.com
F Fund (AGG)
AGG | SharpChart | StockCharts.com
Don't take my comments as trading advice /IFT: 4-24-24=50G- 50C https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
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