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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: willcousa who wrote (61253)	9/11/2002 8:01:00 PM
From: RetiredNow	Respond to of 77399

Oh ok. Makes sense.

To: willcousa who wrote (61253)	9/11/2002 9:12:14 PM
From: chaz	Read Replies (1) \| Respond to of 77399

Willcousa... I'd not be so quick about 2nd mortgage standards being tight...there are "predatory" lenders out there. The major reason people default, on any mortgage, is loss of income. As long as unemployment creeps upward, defaults will increase. if someone were to default they would lose equity duh! Just you watch. Resales are going to slow, then decline. That's about 4/5ths of the housing market (I think that's the right percentage, subject to correction from others.) When resale inventory (days on market) begins to creep upward, sellers will become more flexible WRT price. That's the first sign of the bubble blowing off air. Chaz