John, Mike & Tom's <b>Wild World of Stocks</b> Message Board

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Technology Stocks : John, Mike & Tom's Wild World of Stocks

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To: Logain Ablar who wrote (2308)	5/12/2001 2:41:17 PM
From: John Pitera	Read Replies (1) of 2850

Tim, the third response to this post Message 15790631 asks are you short the homebuilders yet? BZH, PHM, HOV that may make some sense soon, both the 10 and 30 year bond yields are over there 200 dma's now and rising and it's very possible we have seen a large H&S top in bonds and inverse H&S in Yield. we may see the steam come out of the housing market with higher rates and the second phase of the downturn, if it develops.. higher rates certainly affect housing starts and sales, and it's very possible that these homebuilders have been building up excesses, inventories, higher expenses with the boom of the past several years. Ca. money woes could contribute to this overall theme. I'm going to start paying more attention to the group.

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