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

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To: russwinter who wrote (24402)	1/11/2005 8:07:23 AM
From: Ramsey Su	Read Replies (1) of 110194

phx.corporate-ir.net DHI net orders for Dec Qtr. It is better than I expected. DHI is a very good indicator for nationwide housing health because they are very geographically diversified. The score so far this year: HOV good. DHI pretty good. WLS pretty bad. MDC pretty bad. I suppose a housing bear can claim that at least they are not screaming record record record no more. Based on DHI release today, I don't see how the current estimate of $.92 can be reasonable. Expect them to beat by a whole bunch again later this month.

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