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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (40559)	8/24/2001 3:32:02 PM
From: Jim Willie CB	Read Replies (3) \| Respond to of 65232

I smell a blowoff top for housing Seiders of NAHB expects 2.8% growth in Q4 by then we might be in outright recession, fully recognized the federal tax cuts are a pure con, been reading about it they essentially will be an advance of taxes paid in APril 2002 the rebate will be owed in April, ouch any refund owed to us then will not be delivered only way Congress and PrezW could agree not much publicity on that ruse, but that story will get out what pure crapp shell game low rates are fortifying the housing industry so many people are getting fooled into thinking this economic slowdown is gonna be easily rectified by Fed cuts in interest rates I dont think so watch the S&P and Naz downtrend lines closely I think they are tremendous selling points, shorting points they have been ever since June and could continue as long as the Inventory/Sales ratio stays horrible... more layoffs and worsening spending will ensue HOUSING will be the final pillar to get kicked out it is very very stubborn, and should be, with such low mortgage rates Scott, you are still sending me tons of stuff but at least they are the cream stories thanks, Jim