Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: lurqer who wrote (27201)	9/8/2003 4:44:55 PM
From: lurqer	Respond to of 89467

Link from Les The call for this week: We remain convinced that the driver of the recent improving economic numbers has been the refinance afterburner and the July tax cut. With weekly home-loan applications down some 80% from their May peak, we have trouble seeing much more “kick” from refis. Likewise, we think most of the tax rebate checks have been spent, leaving us in “muddle, muddle, toil and trouble” mode. A 5% pullback from last week's actual high of 9609 (DJIA), or the theoretical high of 9661, targets the 9129 to 9178 area. Stay tuned! from rjf.com lurqer