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To: seed_partner who wrote (20974)5/31/2000 12:38:00 PM
From: Jim Willie CB  Respond to of 35685
 
thanks on new home sales
just heard it on CNBC
got it in my original message edited

now have 5-6 pieces to Fed puzzle on moderation
they will probably go too far anyway
just to be safe
just to cause a mild stall
they are professional screwups living in 1970's
they fear Arab-based oil inflation deep down
and failed increases at widespread cooperation production

deep down I fear a prostate problem interfering with production

can anyone believe this QCOM volume? 38 gillion today
a close today over 70-71 would be a strong statement

a weird twist on currency front:
the Euro has gained 4% in last week, for no reason at all
just rumors of central bank intervention, but none happened

the rise should open a door, clear a path for foreign buying of US stocks in shorterm and maybe nearterm
Europeenies buy USstocks, gain on stock rise, and as Euro drops, gain twice
strong motivation, seen it happen dozens of times

/ Jim Willie



To: seed_partner who wrote (20974)5/31/2000 6:43:00 PM
From: Jack of All Trades  Read Replies (1) | Respond to of 35685
 
The average home price continued to rise despite the drop in April sales, climbing to $208,000, up 2.2 percent from $202,300 in March.

I think you guys/gals are missing something here...

Notice how the price went UP 2.2% but less homes sold????

That to me says that inventories are low so there would be less homes bought... You have to learn to read past the headlines...

Here is in the NorthEast the MLS book is 1/10th the size it was 1 1/2 years ago. The economy is not slowing... IMO

Keep an eye on the dollar as it is saying that foreign investors are losing more money by staying in the US market. The dollar must put in a low along with the market to call a bottom...

Good luck... Learn to trade both ways...

JoAT