Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (12494)	6/23/2003 3:19:03 PM
From: Bucky Katt	Read Replies (2) of 13094

I can't agree with that Jim. A 500 basis point increase in the 30 yr mortgage would collapse the housing sector... I lived through the Jimmy Carter years, and they weren't very pretty. At this point in time, a 100 basis point (1%) increase in the 30 yr would be bad enough, as all of those low wage earners find themselves priced out, until housing prices themselves start declining. This whole housing bubble is going to end ugly, with many totally upside down and then the question becomes, at what point will they walk away? Creating more low paying retail jobs to sell Chinese manufactured goods is not the path that got the US where we are now. The one thing that I find interesting is we are in the early stage of the Prez election cycle, so stimulus should continue, but we may have already caught Japaneosis...

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