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To: yard_man who wrote (153185)2/25/2002 10:24:29 AM
From: Petrol  Read Replies (2) | Respond to of 436258
 
<<Sales of U.S. existing homes soared by a record 16.2 percent in January to a strongest-ever pace of 6.04 million units, amid mild weather and rebounding consumer confidence, a trade association said on Monday>>

I don't see this as bullish at all. In fact, I believe it will create MORE of a downturn when people can't unload their homes at prices close to what they're buying them for.