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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Paul Shread who wrote (43645)3/5/2003 8:16:50 AM
From: Terry Whitman  Read Replies (2) of 52237
 
I went long on the close. Got to be at least a bounce today.

Do you recall the timing of Easy Al's "You can't see a bubble until it breaks" commentary on the stock market?

>Greenspan doubts bubble in housing market

Consumer spending isn't likely to benefit as much from home equity cash outs this year as last, as mortgage rates stabilize and home price increases slow, Federal Reserve Chairman Alan Greenspan said Tuesday.

The Fed chief also expressed doubt the home market would go the way of the stock market - a bubble waiting to pop.

"It is, of course, possible for home prices to fall as they did in a couple of quarters in 1990," he said. "But any analogy to stock market pricing behavior and bubbles is a rather large stretch." <
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