The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Think4Yourself who wrote (86887)	8/24/2007 10:46:40 AM
From: Smiling Bob	Read Replies (2) of 306849

Why isn't the overall market rallying? You'd think the press would be calling bottom on everything since new home sales were so strong. CTX up 1.6%, but why? Are they taking credit for all those homes sold south and west? Something dire is looming... BTW FXI - check out charts- vertical rise and flirting with highs -- edit you can't please everybody. biz.yahoo.com ...However, the upbeat reports could still disappoint investors who had been hoping weak readings would goad the Federal Reserve into cutting its benchmark fed funds rate. The stock market upheaval in recent weeks and jitters in the credit market had boosted expectations among some investors that the central bank would have to intervene with a cut in the fed funds rate at or even before its Sept. 18 meeting. The Fed a week ago cut the discount rate, the interest it charges to lend directly to banks, sending stocks sharply higher and raising some investors' hopes that the Fed would be there to bail out the troubled market

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