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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Broken_Clock who wrote (325552)12/19/2006 7:32:26 AM
From: Beachside Bill  Read Replies (1) of 436258
 
Yep ... Up 50% since Aug. going long on the two I posted about on the Residential Crash Index thread * HOV, TOL... got wool? Moving on.

Sheep.

Since I promised not to post in the RCI thread I will post here for you: these are my thoughts and I have taken profits:

Homeboys...what has me thinking the market might take these back to the base is that the same stuff is happening as in 2001 or 2002... CSFB coming on line with basically a sell when they knew the bond was going lower^very short term^ and worse than that...expect more HB bond downgrades besides KBH from Fitch and S&P. That has taken them back to the bottom so many times. Offsetting it would be the Treasury bond if it can move higher like it should to 4% *actuall a bit lower* but doesn't always move right away. I am sticking with the AUG. bottom and they will be higher than they have been so far this year before a downtrend on the weekly charts. They don't have to go down there though it is a possibility to basically the Aug. low. The HBs really need the existing months supply of homes to go lower. The bond will Accomodate like it has for the last 80 years.
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