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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Les H who wrote (127796)10/5/2001 5:48:35 PM
From: yard_man   of 436258
 
I laugh at the idea that the markets are efficient in the first place -- accurately portraying the risk differentials.

The main thing that caught my eye was what patron pointed out.

Good Mortgage Rates => steady housing prices => returning consumer confidence

We'll toss that out the window in the next 6 months, IMO.
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