Wall Street celebrates historic rate hike [W:78]

Kushinator · Dec 17, 2015

Re: Wall Street celebrates historic rate hike

tres borrachos said:
Why don't you tell me what that has to do with my post?

You claimed it was impossible for HC to have made money off the interest rate hike. I am just pointing out you are confused.

tres borrachos · Dec 17, 2015

Re: Wall Street celebrates historic rate hike

Kushinator said:
You claimed it was impossible for HC to have made money off the interest rate hike. I am just pointing out you are confused.

It didn't happen until yesterday, and the market had already increased for 3 straight days in anticipation of the Fed rate increase. It's unlikely he saw any kind of perceivable change to his portfolio yesterday. I look in mine every day and the increase was nominal because we don't have a lot of long term investments, which are the ones that would have increased yesterday. And they didn't increase by much. But he did say he made $80 yesterday so he doesn't have the kind of retirement account I have. $80 in a day is nothing.

HenryChinaski · Dec 17, 2015

Re: Wall Street celebrates historic rate hike

tres borrachos said:
It didn't happen until yesterday, and the market had already increased for 3 straight days in anticipation of the Fed rate increase. It's unlikely he saw any kind of perceivable change to his portfolio yesterday. I look in mine every day and the increase was nominal because we don't have a lot of long term investments, which are the ones that would have increased yesterday. And they didn't increase by much. But he did say he made $80 yesterday so he doesn't have the kind of retirement account I have. $80 in a day is nothing.

The DOW went up over 200 points due to the rate hike. When the DOW goes up so does the 401k. And yeah for some $80 is nothing. I'll take it though.

humbolt · Dec 17, 2015

Re: Wall Street celebrates historic rate hike

Astrodome said:
What was the last Republican President to leave our economy on solid footing? Reagan?

None of 'em. They're all out to kill the US. You can see it in their eyes. Beady, greedy and full of hate. And now we're growing. GROWING. I get as giddy as Pelosi.

ludin · Dec 17, 2015

Re: Wall Street celebrates historic rate hike

tres borrachos said:
Mutual funds payouts didn't change yesterday. Most mutual funds are invested in short term fixed income securities. Returns will increase a small amount over time. They didn't increase already.

depends on the fund. my funds are invested in large cap growth mutual funds.
so I have quite a bit of stocks.
it changes per day.

I also have a mix of bonds and CD as well as other investments within those.
so if the market adjust up 220 points then if I have stocks that went up with that then I will see an increase at the same time.

tres borrachos · Dec 17, 2015

Re: Wall Street celebrates historic rate hike

HenryChinaski said:
The DOW went up over 200 points due to the rate hike. When the DOW goes up so does the 401k.

Really? I didn't know that. That explains those massive increases and declines in the dollars in our retirement investment accounts. Daily.

Okay, you made $80 because of the interest rate hike. I am glad for you. I just hope you don't have adjustable rate mortgages, HELOCS, credit cards where you float balances, or student loans. That $80 isn't going to cover the costs you will incur on any of them.

Kushinator · Dec 17, 2015

Re: Wall Street celebrates historic rate hike

tres borrachos said:
It didn't happen until yesterday, and the market had already increased for 3 straight days in anticipation of the Fed rate increase.

Markets had already sold off 3% last week, and rebounded on Monday as tax-loss abated.

It's unlikely he saw any kind of perceivable change to his portfolio yesterday. I look in mine every day and the increase was nominal because we don't have a lot of long term investments, which are the ones that would have increased yesterday. And they didn't increase by much. But he did say he made $80 yesterday so he doesn't have the kind of retirement account I have. $80 in a day is nothing.

I do not qualify for a 401k style retirement account, so i cannot comment on the gains of those type of accounts. He did state he was up.

Fenton · Dec 17, 2015

Re: Wall Street celebrates historic rate hike

Kushinator said:
No matter how many times you attempt to spew your lies, they still won't reference reality.

Yea yea we know Kush.

The poor helpless GSEs were victimized by the " eeebil banks " and the GOP.

Sold hundreds of Billions of worthless loans and securities against their will.

You and your ilk have been pushing that nonsense since 2008, but thanks to the 2011 SEC investigation we know without a doubt that not only did Fannie and Freddie know exactly what they were buying, they were using internal arbitrary guidelines to qualify the quality of loans purchased from Banks like CountryWide.

As early as 2000.

We also know that the Fannie Mae set up a automated underwriting process in 2000 called " desktop underwriter " ( Thanks Andrew Cuomo...people like YOU gave him a Governorship for his troubles ) and started its long term partnership with CountryWide in 1999 when CountryWide set up a loan process called the " Fast and EZ " loan

We also know that from 2004-2008, the GSEs failed to report hundreds of Billions of dollars of " no doc " debt to the SEC and over a hundred billion dollars in CountyWide " Fast and EZ " loan debt.

This is just what they had on their books and wouldn't count what they bundled, turned into MBSs and pushed out into the markets as " AAA " rated securities.

GSE data prior to 2004 is unavailable for some reason.

tres borrachos · Dec 17, 2015

Re: Wall Street celebrates historic rate hike

ludin said:
depends on the fund. my funds are invested in large cap growth mutual funds.
so I have quite a bit of stocks.
it changes per day.

I also have a mix of bonds and CD as well as other investments within those.
so if the market adjust up 220 points then if I have stocks that went up with that then I will see an increase at the same time.

That's why I said "most".

CD rates wouldn't have risen yesterday.

Kushinator · Dec 17, 2015

Re: Wall Street celebrates historic rate hike

tres borrachos said:
Really? I didn't know that. That explains those massive increases and declines in the dollars in our retirement investment accounts. Daily.

Okay, you made $80 because of the interest rate hike. I am glad for you. I just hope you don't have adjustable rate mortgages, HELOCS, credit cards where you float balances, or student loans. That $80 isn't going to cover the costs you will incur on any of them.

HenryChinaski · Dec 17, 2015

Re: Wall Street celebrates historic rate hike

tres borrachos said:
Really? I didn't know that. That explains those massive increases and declines in the dollars in our retirement investment accounts. Daily.

Okay, you made $80 because of the interest rate hike. I am glad for you. I just hope you don't have adjustable rate mortgages, HELOCS, credit cards where you float balances, or student loans. That $80 isn't going to cover the costs you will incur on any of them.

I have one CC with a zero balance, no student loans and my condo is paid off. i don't own car either. $80 to me is pretty good.

tres borrachos · Dec 17, 2015

Re: Wall Street celebrates historic rate hike

Kushinator said:

Childish gif?

Obviously you have no interest in discussing the subject. Have a great day,

tres borrachos · Dec 17, 2015

Re: Wall Street celebrates historic rate hike

HenryChinaski said:
I have one CC with a zero balance, no student loans and my condo is paid off. i don't own car either. $80 to me is pretty good.

Then you won't feel any of the downsides of the bank to bank rate increasing. As long as you don't apply for a mortgage or take a car loan and pay your credit card in full each month, you may make $80 again soon.

HenryChinaski · Dec 17, 2015

Re: Wall Street celebrates historic rate hike

tres borrachos said:
Then you won't feel any of the downsides of the bank to bank rate increasing. As long as you don't apply for a mortgage or take a car loan and pay your credit card in full each month, you may make $80 again soon.

One can only hope.

tres borrachos · Dec 17, 2015

Re: Wall Street celebrates historic rate hike

HenryChinaski said:
One can only hope.

Better to make $80 than lose $80.

ludin · Dec 17, 2015

Re: Wall Street celebrates historic rate hike

David_N said:
There are always unemployed people. Luckily, we have a safety net. Obama is far from perfect, but come on.

come on what? there are still more people than ever before on social services despite the so called economic recovery.
there are 46m people on food stamps.
almost 1 in 5 people receive some kind of government assistance.

given all this recovery there is little to be excited about.

ludin · Dec 17, 2015

Re: Wall Street celebrates historic rate hike

Fenton said:
That's the thing, the Left can not acknowledge their existence because it makes their Messiah and their ideology look bad. They make up excuses and then accuse anyone who challenges them of distortimg the facts

According to them, those people are Baby Boomers, students and people that just don't want a job so let's just not count them. I wonder how those people survive ?

So they have to pretend they dont exist and brag about our " recovery ". These are the same people that claim they represent the poor and downtrodden.

that is why I said if you have a job and are doing well then this is good news for you.
if you don't have a job and can't find one then the news is like huh what?

Kushinator · Dec 17, 2015

Re: Wall Street celebrates historic rate hike

Fenton said:
Yea yea we know Kush.

The poor helpless GSEs were victimized by the " eeebil banks " and the GOP.

Sold hundreds of Billions of worthless loans and securities against their will.

You have not been able to both quantify and qualify the composition of their portfolio, so why bother continuing with your outlandish claims?

You and your ilk have been pushing that nonsense since 2008, but thanks to the 2011 SEC investigation we know without a doubt that not only did Fannie and Freddie know exactly what they were buying, they were using internal arbitrary guidelines to qualify the quality of loans purchased from Banks like CountryWide.

What was the result of this investigation?

We also know that the Fannie Mae set up a automated underwriting process in 2000 called " desktop underwriter " ( Thanks Andrew Cuomo...people like YOU gave him a Governorship for his troubles ) and started its long term partnership with CountryWide in 1999 when CountryWide set up a loan process called the " Fast and EZ " loan

And here we have a perfect sample to portray your confusion. Fast and EZ is for what credit tier?

Rather than waste my own time, ill explain it and then you may cower as you please: FRNA authorized lenders could access FLNMC automated programs that allowed a reduction in documentation on the basis of good credit, quality collateral, and steady job history.

We also know that from 2004-2008, the GSEs failed to report hundreds of Billions of dollars of " no doc " debt to the SEC and over a hundred billion dollars in CountyWide " Fast and EZ " loan debt.

Uh huh. What were the results of these investigations?

Kushinator · Dec 17, 2015

Re: Wall Street celebrates historic rate hike

tres borrachos said:
Childish gif?

Obviously you have no interest in discussing the subject. Have a great day,

Obviously you can't resist your need to wiggle out of silly comments.

jmotivator · Dec 17, 2015

Re: Wall Street celebrates historic rate hike

David_N said:
94 million? :lol:
Ted Cruz says 92 million Americans aren't working | PolitiFact

Note that Politifact failed to actually do the leg work necessary to prove THEIR point regarding the makeup of that statistic. They peel off 37 million Americans because they are of an age that many choose to retire... but how many of that 37 million can actually afford to retire versus how many need a job to make ends meet? That is an important distinction, likewise to the younger end of the spectrum, especially the 20-24 year olds that they peel off because people in that age group might be attending college... again, how many attending college still need a job?

No, in classic Politi"fact" fashion they have offered a counter theory that they don't justify and claim that is "fact". Cruz correctly stated the BLS statistic and they fault Cruz for not questioning the BLS statistic... and then fail to adequately question the BLS statistic. :roll:

tres borrachos · Dec 17, 2015

Re: Wall Street celebrates historic rate hike

ludin said:
that is why I said if you have a job and are doing well then this is good news for you.
if you don't have a job and can't find one then the news is like huh what?

I'll bite. Why is the interest rate hike "good news" if you have a job?

jmotivator · Dec 17, 2015

Re: Wall Street celebrates historic rate hike

ludin said:
that is why I said if you have a job and are doing well then this is good news for you.
if you don't have a job and can't find one then the news is like huh what?

I think it is not good news for the housing industry. While this rate hike will not harm the market all that much, and they may very well swallow the cost to protect the housing market, rising interest rates means costlier loans and costlier loans means lower offer prices. The average home buyer doesn't see a dime more in their bank account from this rise so the amount they can afford to finance a home will not change. Every dime more that goes toward financing the home comes out of the pocket of the seller.

Riveroaks · Dec 17, 2015

Re: Wall Street celebrates historic rate hike

tres borrachos said:
Rate hikes aren't historic. What was historic was lowering rates to 0% and keeping them there for so long.

Not sure how this is "bad new" to Republicans. What's bad about an improving economy?

Exactly.

Borrowed money costs money now again.

It had been very disruptive to trusts and savings while money was free and interest was zero.

I'm glad Yellen finally came back to sanity.

I am really starting to like her and hate Bernanke and Greenspan. B and G were idiots.

tres borrachos · Dec 17, 2015

Re: Wall Street celebrates historic rate hike

Riveroaks said:
Exactly.

Borrowed money costs money now again.

It had been very disruptive to trusts and savings while money was free and interest was zero.

I'm glad Yellen finally came back to sanity.

I am really starting to like her and hate Bernanke and Greenspan. B and G were idiots.

Greenspan was a dope. Bernanke was a mess. I was very surprised that Obama kept him around for so long.

People seem to not want to recognize that there is a cost to this, and the borrowers will feel that cost. Dividends will increase, and somewhere down the road banks may increase their payouts on conventional products like CDs and savings accounts. But this will result in an increase in interest rates, starting with the adjustable rate, tied to prime loans on the books, like HELOCs.

This is also the end of the historically low rates for conventional mortgages. Refi while you can!

poweRob · Dec 17, 2015

Re: Wall Street celebrates historic rate hike

Astrodome said:
U.S. stocks rallied as investors cheered the Federal Reserve's historic decision to raise interest rates for the first time since 2006. The move represents a major vote of confidence in the American economy's recovery from the Great Recession, which caused the Fed to slash rates to zero for the first time ever.
The market gathered momentum after Fed chief Janet Yellen reassured Wall Street during a press conference that the Fed will be very gradual about further rate hikes.
The Dow jumped 224 points, while the S&P 500 and the Nasdaq advanced about 1.5% apiece. The S&P 500 also returned to positive territory on the year.
Wall Street celebrates historic rate hike - Dec. 16, 2015

Looks as if our economy continues to improve, as the fed feels comfortable enough to raise interest rates and the stock market rallies in response..............
This, of course, is bad new to Republicans.

I'm shocked. I thought they'd throw a temper tantrum over the rate hike.

Wall Street celebrates historic rate hike [W:78]

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