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

To: mishedlo who wrote (31531)	2/20/2002 10:17:33 PM
From: orkrious	Respond to of 99280

These "old economy" favorites like housing and retail stocks are going to get annihilated. Well, Doug Kass at RealMoneyPro suggested shorting housing stocks yesterday. He named three, PHM, CTX, and TOL. It seemed like a good idea to me, so I put out PHM and CTX. So far, it was great timing. This am the MBA Mortgage data fell to the lowest levels of the year: The applications index fell by 9%, the purchase index fell by 7%, and the refinancing index fell by 10%. I am already up 1 to 1 1/2 points, but these are longer-term shorts. It's possible I didn't catch the top, however I can take some pain. Housing is going to crack, and the housing stocks look like internet stocks from two years ago. ork

To: mishedlo who wrote (31531)	2/20/2002 10:36:36 PM
From: t2	Respond to of 99280

What about non-cyclical old economy like Drugs and Food, in the event of a major drop in tech.

To: mishedlo who wrote (31531)	2/20/2002 11:25:50 PM
From: Cactus Jack	Respond to of 99280

Mish, Journal article today comparing FNM to ENE was interesting. jpgill