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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (20477)	1/10/2002 12:55:04 AM
From: LTK007	Read Replies (2) \| Respond to of 99280

<<Mishedlo, its possible you're right, except for one thing - the housing market is not really slowing. In fact it is up over 2000 just about everywhere I looked, Florida, Ohio, Wash State, etc. Even in my area which we have the highest unemployment in the country, real estate is still doing well and up significantly from last year.>> Dave my feeling in a word is "TOPPY" regards housing market. This is a cyclical ,boom/bust area to the extreme and no one knows this more than the builders themselves. And they know themselves this is TOPPY and can turn to a reverse trend on a dime.The mad rush this year was driven by a heavy carrot to get people to buy now.That carrot may well now be eaten--we will see.Max

To: Dave Gore who wrote (20477)	1/10/2002 12:59:14 AM
From: mishedlo	Read Replies (1) \| Respond to of 99280

Yep - this will last until it dies. Have you seen all the layoffs, bankruptcies. All the people rushing to buy now cause they "locked in". Interest rates (at least long term rates) have bottomed. How long can housing prop up the market. I hope you do not think forever. The consumer is on his last legs as is housing. Look at weakening FNM BZH etc for clues. When the TA and FA do not jive.... Believe the TA. If housing is so great, and everone so bullish on FNM... Why is it putting in lower tops and keep retesting that bottom. This one will pull an "MU", trust me. Held up forever but when it finally died, it did with a "Kaboom" if you pardon the expression. M