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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (173474)	6/18/2002 9:40:21 AM
From: yard_man	Respond to of 436258

>>You mean WHEN we crash<< Yes.

To: LLCF who wrote (173474)	6/18/2002 9:42:39 AM
From: yard_man	Read Replies (1) \| Respond to of 436258

housing starts strong in May?? heh heh heh, adjustment and wx game -- BS. >>WASHINGTON (Reuters) - U.S. housing starts surged an unexpectedly large 11.6 percent in May, the biggest percentage rise in almost seven years and a reversal of two straight months of falls, the government said on Tuesday. Ground breaking for new homes jumped to a seasonally adjusted 1.733 million annual rate from a downwardly revised 1.553 million rate in April, the biggest climb since July 1995, the Commerce Department said. Single family starts -- the largest category of activity -- jumped 9.6 percent, an increase also not matched since July 1995, Commerce said. Starts beat the expectations of analysts polled by Reuters, who had forecast a 1.599 million rate. U.S. Treasury bonds pared earlier gains on the strength of the number and it was seen as positive for stock markets. "The housing market suggests the economic recovery is on track and not as weak as the market perceives it to be," said Peter Cardillo, chief strategist for Global Partners Securities. << Buy treasuries ...