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

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To: patron_anejo_por_favor who wrote (112489)	7/14/2001 11:39:21 AM
From: mishedlo	Read Replies (2) of 436258

Patron any thoughts on this? In particular note declining mortgage applications. Is it FINALLY time to short FNM. I have leap puts underwater but they are 2003 or 2004 can not remember but I thought they were cheap. Isn't summer a strong period for mortgages usually. dismal.com "The recent decline in the WLI suggests that the possibility of recovery by the end of the year is eroding. This week's jobless claims report and the continued slump in the market will push the index down more, a further indication that recovery will be slow and painful." TE

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