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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Zack P who wrote (43855)	12/20/2000 11:50:31 AM
From: Tradelite	Respond to of 57584

A few comments on various topics discussed here this morning..... Volume is huge because of heavy tax-loss selling. Perhaps never have so many investors, at one time, had so many losses worth taking! Construction volume and housing sales have little connection to interest rates in the short-term. Have sold r.e. for many years.....when people want or need to buy, they buy. And hordes of people don't rush into the market when rates fall. Timing mortgage interest rates is about as successful as timing stock market purchases or sales...and that endeavor is fruitless for anyone except the very most savvy traders. The only time I've seen mortgage interest rates hamper home sales is when they were at 15 percent or above, and back then, sellers had to offer owner financing in order to make deals. When interest rates are extremely low....as they have been in recent years....you have to work harder to convince buyers they are getting a good deal on the rate...they just keep thinking it will go lower, and of course they get fooled, drag their feet, and pay more next week or next month, and miss out on months or years of valuable mortgage interest rate deductions on their income tax. This is the way of the world and the human psyche.