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Strategies & Market Trends : Joe Stocks Trader Talk
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To: Joe Stocks who started this subject2/20/2002 8:43:21 PM
From: Joe Stocks   of 787
 
TOL- When I added TOL short to my port last week I was counting on the housing numbers to come in weak. I was wrong about that but what is interesting, the good numbers did not seem to help the homebuilders. Today's weakness may be partly attributed to the WSJ article about FNM and their mention of the much forecasted housing slowdown. One other thing I keep an eye on is the weekly mortgage numbers. Mortgage apps for new home purchases has been down the last few weeks but also refi's were down this week too - some 18% from last year's comps at this time.

Here's this week's reported report;http://biz.yahoo.com/rf/020220/n2063103_2.html

Joe
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