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Politics : America Under Siege: The End of Innocence -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (6297)	10/4/2001 11:01:37 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 27666

Oh of course, I don't mean now. Matter of fact I was telling a couple/three Chicago Bond Traders I know and a few other guys that first week I wanted to be Long $XAL .....which was a great play. I'm taking about the possibility of a drop in the housing market. That would be a serious negative and the only prudent play in such an event is to sell. Now, people in the construction market are telling me they are working like gang-busters. But it does not seem to fit. I think we have to keep an eye on the housing market and if it slips the DJIA goes with it. Anyway, I would like for the market to head higher. I still have kids in school, fer chrissake. I would hate for their legacy to be that which I had, poverty in the 1950s. However as a rational being I have to be concerned that housing is a linchpin in this and if people are counting on the market to help them pay their mortgage then we could have a serious selldown merely because people could get whipsawed. In such an event you would have to sell, just my educated guess.