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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: NOW who wrote (668)9/10/2003 1:27:09 PM
From: russwinter  Read Replies (1) of 110194
 
COF seems to be on the Goldman upgrade, but the mortgage and homebuilder market is weak, even with the improvement in bonds. Strange divergences:

Briefing.com
10:02 ET Mortgage group under pressure following NCC and NLY warnings and Wall Street Journal article : Among the names getting hit early are NFI -2.80, TMA -1.90, CFC -1.69, GDW -1.58, GPT -1.36, ANH -1.10, LEND -1.08. The Homebuilding group is also under pressure with the Index trading down 2.4% led lower by HOV -1.80, PHM -1.78, CTX -1.75, LEN -1.60, KBH -1.60.
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