Cape Cod is beaches. Eastham, and the Outer Cape, is a place of friendly people, fine homes, ocean breezes, and easy living. This blog is my attempt to supplement my website (at www.RobertSheldon.com) and my monthly newsletters with additional information and viewpoints on living in Eastham.
Wednesday, December 17, 2008
Cramer: Bernanke Finally 'Gets It"
Jim Cramer (the love-him or hate-him financial guru) has predicted for quite some time that the housing financial meltdown will formally 'bottom' next summer. He sees yesterday's action by the Fed as a major step in making his prediction come true. With the Fed rate drop of 3/4 of a point, Cramers sees today's low mortgage rates potentially going into the 3's next year. He further says that NOW is the time to buy. Read his article HERE.
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