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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: S Shaw who wrote (13270)	4/14/2002 12:31:27 AM
From: energyplay	Respond to of 23153

That housing bubble will keep going a LONG time....maybe 2 more years ? Okay, pretend you're a mutual fund manager- you HAVE to put money to work somewhere, or find a real job. Housing stocks have good patterns and STILL have better fundamental numbers than the rest of the market. What else can you buy ? Tech ? yeah, right. Drug stocks ? they're comming down, and you own them already. Energy is already up, you already own some, besides you want to be able to sleep at night. Gold - way too thin maybe you own some, maybe not. Cylicals maybe - if they don't have asbestos or accounting issues. Auto stocks ? nope. Resturants...maybe some. Banks and financials - maybe you don't want to buy heading into a rate boost.. The first rate boost won't the party for homebuilders. Brokers & I-banks are in deep soup. If there was a big turn around in tech (maybe 2003) and money could go somewhere else, housing stocks might come down then.... Until then, money will keep going to houses & housing stocks.