ShepWave.com Elliott Wave Theory

Market Features
Jim Cramer Yahoo! Chat Transcript
By Yahoo! Chatters

Cramer Touts stocks... is this the sign the markets have been looking for to resume down trend?

Read recent update by shepwave to get a clearer picture of what is going on.

Who should and shouldn't get an interest-only mortgage
By Holden Lewis • Bankrate.com
Interest-only mortgages are pushed aggressively nowadays by lenders and brokers, but they're not for everyone.

An interest-only mortgage might be a good fit for:

someone whose income is mostly in the form of infrequent commissions or bonuses;
someone who expects to earn a lot more in a few years;
someone who truly will invest the savings on the difference between an interest-only mortgage and an amortizing mortgage, and who is confident that the investments will make money.

Click on above link for full article.

Stocks or real estate?

Measly returns on Wall Street over the last few years make the hottest housing market on record seem like a sure thing. It's not.

Click above to read full article.

I would love to hear some thoughts about whether or not people think real estate is in a bubble 'phase' or not.

Shep

Don't believe the Fed 'pause' hype

Despite buzz that the Fed is close to ending its rate hikes, experts see more increases likely.
June 2, 2005: 12:53 PM EDT
By Paul R. La Monica, CNN/Money senior writer



The yield on the 10-Year Treasury is at its lowest point in more than a year...even though the Fed has raised short-term rates eight times since last June.


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Live Bond Prices and Yields
Live bond quotes for Corporate and Emerging Markets bonds.
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More about the Fed and economy

• Hays: A conundrum story


• Fed slowdown? Not yet.


• Manufacturing growth weakest in 2 years


• Bond Wars II: Revenge of the conundrum




QUICK VOTE
Given recent economic reports, should the Federal Reserve continue its current pace of raising interest rates?
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NEW YORK (CNN/Money) – This week's big news was that the identity of Watergate mole Deep Throat was finally revealed.

Keeping with this 1970s theme, many market observers think Alan Greenspan & Co. still want to Whip Inflation Now, like Gerald Ford.

That should mean more interest rate hikes this year, despite some recent chatter about the Fed possibly pausing, perhaps as soon as its Aug. 9 meeting.

Click here for to see full article.

I have given the link to a trade diary update I just wrote showing the evidence I am seeing that a key market top is either upon us or has already occured.

Click here to see the link posted for members of www.shepwave.com.

Feel free to share you comments on the markets.
Have a great day.

Shep