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To: Silver_Bullet who wrote (12502)	6/24/2003 1:07:19 AM
From: SilasSan	Respond to of 13094

Gentlemen, unfortunately my thoughts are as short as my body parts. OK, it looks to me as though houses priced in $CREDs are not in as great demand as those priced in $USDs. But the demand exists nationwide. The housing industry is strong (for now) and Americans still save up the down payment to buy houses in which to live -- and they are even more affordable with lower interest rates -- and low interest rates encourage builders.... In some places conspicuous consumption in the housing industry is suffering a tad -- OK, BFD. So California is moving towards million dollar homes with a view of the neighbor's bathroom and a driveway shared by four huge houses on tiny lots. The demand is still there. Sure it's stupid. And, it's gonna crash, someday. But I'm not gonna cash in my half acre for the capital gains exemption right away. Are you?

To: Silver_Bullet who wrote (12502)	6/24/2003 9:22:30 AM
From: Bucky Katt	Respond to of 13094

Depends on what Alan & co come up with this week. Volume was light to the extreme yesterday. I have a pile of short picks, and actually my July SEBL puts have doubled since last week, posted them on this thread I think. Before I put my list of good looking shorts out, I want to see what Uncle Alan & the rest of the FED liquidity pushers come up with, that will be very telling me thinks. I saw x-FED head Wayne Angell on Bloomberg this morn saying the FED, so far, has saved US from a depression (yep, he said the big "D" word) by pushing liquidity and feeding the housing boom. The problem is, business isn't borrowing...