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To: MythMan who wrote (251610)7/23/2003 8:14:20 AM
From: Giordano Bruno  Read Replies (1) | Respond to of 436258
 
Might take another look at CFC today.



To: MythMan who wrote (251610)7/23/2003 9:59:34 AM
From: B.REVERE  Respond to of 436258
 
I read that if the MBA index for refi's fall below 4000,
the consumer spigot to spend is over.



To: MythMan who wrote (251610)7/23/2003 10:01:19 AM
From: Earlie  Read Replies (2) | Respond to of 436258
 
Myth:

Let this continue for another month or two and this market will be over. As we have all discussed, it is this mad "refi" game that provides the single barricade preventing the bus from toppling over the cliff. If Greenprint can't find some way to shore up the wounded bond market and turn those long rates back down, it will be over in any event.

I am more than comfortable being well loaded with short positions.

Best, Earlie


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