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Strategies & Market Trends : MDA - Market Direction Analysis

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Dec 4 4:00 PM EST

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To: pater tenebrarum who wrote (18092)	6/21/1999 8:18:00 PM
From: Giordano Bruno	Read Replies (3) of 99985

HB, bond market keeps reverting to facts...consider that mortgage applications for new home purchases surged 1.7% last week and are up 13% in the past month to a record high! Single-family housing starts have soared to their highest level in 21 years and motor vehicle sales this year are on track to smash the 1986 record. Initial jobless claims have plunged back below the 300,000 threshold. And, further on the jobs front, the Fed's 'beige book' noted that "labor markets were extremely tight last month in almost all districts, with no signs of easing in the foreseeable future." lp-llc.com

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