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

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To: ild who wrote (1853)11/5/2003 2:42:52 PM
From: russwinter  Read Replies (2) of 110194
 
Listened to the TOL call. In the tell us something we don't already, they had a blockbuster quarter. Toll did feel that the uptick in rates, started a buying panic. He admitted there was a very large second home trend especially in the Sun Belt. He felt people were buying because "housing is a good investment". All the standard crap. There was actually a female analyst who asked some of the "right" questions.

There is a strong correlation with TOL excellent markets to financial mania states like NY, CT, NJ. The SE is just average, TX poor. Calf, Nev and AZ are hot (second home speculation).
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