Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TWICK who wrote (23651)	8/23/1999 6:54:00 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 99985

Twick substantial divergences are forming in the market. This market is power by debt and easy credit. Out of around $1.5 to $1.7 Trillion last 12 months in new mortgages only around 0.5 trillion went to new purchasers. This put an estimated $15,000 into the pocket of each re-fi customer as free spending money. To put this in the right perspective US GDP is around 8 Trillion Result close to one Trillion dollars from refinancing went directly or indirectly into the US financial markets. The refinancing is tapering off rapidly and so will the inflow of funds. J6P who graduated to LTI has a bigger debt repayment slip each month and will drag the market down. BWDIK Haim