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User Info Quick Update: Irma; entered at 2017-09-11 10:09:46
Posts: 7817
Registered: 2007-09-10 Scottsdale, AZ
All the fear driven moves in the home depots and Lowes gone, the dollar up, metals trashed and insurance and banks rallying. What a bunch of BS! Karl's comment about 75% of the country living check to check means that the only rebuilding they will see is through insurance payments or a gift from the taxpayers.
It's almost like someone knew the damage would be less and made bank on today's move. Every sell off seems to be tampered by massive buying from somewhere and moves like this are due to short covering by people that know our real economy is screwed. Who can expect any consumer demand from either Texas or much of Florida from the people that have been living on the edge. How many of those people are guaranteed to be late on their debt payments in the coming months? Will Christmas even exist for many of these folks? Doubt it very much......
2017-09-11 10:09:46