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Politics : Stockman Scott's Political Debate Porch
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To: steve susko who wrote (1980)7/12/2002 1:53:30 PM
From: Jim Willie CB  Read Replies (2) of 89467
 
housing/RE stocks showing cracks in the foundation
today's HomoDepo downgrade exposes the biggest breakdown
Toll Brothers, Ryland are seeing tops breaking now
Lennar might be in early stage of breaking

check: HD, TOL, RYL, LEN

many more homebuilders and other firms in housing industry
but these are the ones I look at
cracks in the foundation will likely grow over time
as employment and job security weakens
as willingness to take on large new debt weakens
as mortgage rates rise next year, or later this year

the motto now has been
"lock in these low rates, pay any price"
that is blowoff top behavior, evident of Naz in Jan2000
/ jim
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