What credit crunch?

All the press these days talks about how the people who lied to themselves about how much house they could afford and the mortgage lenders who signed people up for loans they had no business being approved for is going to cause credit to dry up and send our economy into recession and cause the markets to crash in a fiery blaze of glory.

If credit is tightening so much, how come home loans are still at such low rates? Around the city of Boston, I could get a loan for $400,000 at 6.25%.

A friend of mine used this company to refinance and then I did the same a few years back. They are legit and their fees are reasonable.

If credit is tightening, how come I can still find credit cards offering 0% on new purchases and or balance transfers for up to and sometimes over a year?

Another friend of mine found this one, which offers 0% balance transfers with no transfer fee.

I said a little while back that I love this market. Truth is, I wish it would go down more so I could invest even cheaper. The trouble is, too many people see it like I do and are buying which is keeping things from getting downright ugly (or pretty depending on what you like).

The poll on this site had over 50% saying the sub-prime hype was overated with less than 10% thinking we are in real trouble.

Top Executives are buying stock in their own companies at a pace not seen since 2003.

I have been investing during the recent volatility and will continue to do so as fast as I can save money to invest (not fast enough!) but I am not making a major move nor would I. Morningstar shows that stocks are undervalued:


But look back at 2001 and 2002 and you can see that things can get a whole lot worse. that said, I feel better about investing now than I did earlier this year!