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.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (39279)	4/25/2001 10:47:41 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Even if the market wants to test lows of 1192 in such a environemnt the rebound would be explosive..

To: IQBAL LATIF who wrote (39279)	4/25/2001 10:47:56 AM
From: IQBAL LATIF	Respond to of 50167

<<The National Association of Realtors said U.S. March sales of existing homes rose 4.8 percent to a seasonally adjusted annual rate of 5.44 million units, the second highest rate on record. Sales of existing U.S. homes rose to their second-highest rate on record in March, spurred by lower mortgage rates, a realtors group said on Wednesday. The record is 5.45 million units seen in June 1999, according to the NAR.>> The rate for February was revised up slightly to 5.19 million units from a previously reported 5.18 million. The March reading was well above Wall Street expectations of 5.13 million units. Again even I have my doubts on that low consumer confidence number a aberation, it has tendency to mask relaity in severe corrections, during March and towards the end we retested the lows on Comp when that number was taken, the lower confidence is relfective of that pessimism.. These are not kind of numbers that you get when economy is in recession, yes a major slow down from neck break speed of 7.5% some quarters to more doable 2-3% but in a falling interest rate environment, higher durable goods and decent housing starts are good news..