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Pastimes : QQQ & DIA - chat & chart
QQQ 619.25-2.0%Nov 4 4:00 PM EST

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To: Chris McConnel who wrote (675)8/19/2003 2:39:33 PM
From: MeDroogies   of 795
 
I read that about the mortgage market with great interest. I'm not surprised it's so much larger with home ownership at all time highs (and their prices at all time highs).
I also saw a chart graphing the 10 yr yield. If the yield goes up much further, it will be reversing a 15 year trendline. My guess is that it will begin to decline very soon. There is still too much uncertainty about growth prospects.

I think the Dow is showing just how toppy it is. For it to have long term legs, it will need a pull back to about 8700.
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