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

To: DlphcOracl who wrote (78309)	6/13/2002 11:24:34 AM
From: lh56	Read Replies (1) \| Respond to of 99280

homebuilders have been notably weak lately. market is ignoring the good news here. most of these guys have good backlogs and rational fundamentals but sentiment seems to be sniffing something stinky blowing in from the future. larry

To: DlphcOracl who wrote (78309)	6/13/2002 11:35:46 AM
From: LTK007	Respond to of 99280

consumer spending drops again, and it will pull the last rug from under all bulls feet that have stood relentlessly claiming Consumer Spending will never slow down. It has either been the single biggest delusion or rank lie they have been spouting to hold the market. Consumers have been spending themselves deeper and deeper into debt. It is inevitable consumer spending slows down. Historical periods have shown when debt and/or consumer exhaustion hit the downturn in consumer speding can rapid, on a dime move. If this Bulls last Mythology starts to fail this year, this year will shatter the 9/21 lows. Max p.s. a factor in fighting off the shattering of support is 44% of money invested in the market be controlled by but 75 mutual funds. They will be working like hell to keep their clients in, as they don't give damn about their clients but only their livelihood. These are desperate times for many funds, they will lie without shame now:) max