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To: mishedlo who wrote (201873)11/3/2002 4:10:57 PM
From: Zeev Hed  Respond to of 436258
 
In the last 11 months, the 75% "sure" thing the bond market "priced in" did not result in rate cuts, why should it now? A raise from 1.75% to 2% in the fed's rate will have no impact on actual housing starts, housing is playing to its own music and such a marginal change will actually cause a slight acceleration of refi's (those that have not done it yet) but no impact on new construction. As for IBM, see my comment on I-hub (http://www.investorshub.com/boards/read_msg.asp?message_id=566048).

Zeev