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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (12777)	10/4/2004 4:30:49 PM
From: mishedlo	Read Replies (2) \| Respond to of 116555

From NY Times [someone gave me this I have not had time to verify] Republican Senator Dissents Senator Lincoln Chafee, a Rhode Island Republican, says he cannot vote for President Bush. Instead, he says he will write another Republican's name on his ballot.

To: yard_man who wrote (12777)	10/4/2004 8:05:11 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

from realmoney.com today -- at around 3:30 pm: Aaron Pressman reports that despite the market's rally today, stocks of the biggest homebuilders are melting down. In part, that's because the stocks have ridden the waves up and down with the yield of the 10-year Treasury note. The note's yield has backed up over the last week from 3.96% to 4.20% today, signalling higher mortgage rates ahead. In fact, Pressman says that Smith Barney has caught Pulte Homes (PHM), the biggest player by stock market capitalization, cutting prices in Las Vegas by up to 25% and tripling sales commissions to 5%. Las Vegas has been one of the hottest real estate markets in the country. Smith Barney says it sees "no evidence yet" that price cuts have spread to any other region or building company, but investors are fleeing. Pulte is down 8% to $57, Lennar (LEN) is down 5% to $45.33, D.R. Horton (DHI) is down 6% to $31.08. Over on Street Insight(realmoney's premium site), Doug Kass says he is shorting selective names in the group today.

To: yard_man who wrote (12777)	10/4/2004 11:13:09 PM
From: mishedlo	Respond to of 116555

Gold futures close under $420; platinum nears 1-mo low Monday, October 4, 2004 6:02:38 PM afxpress.com SAN FRANCISCO (AFX) -- Gold futures closed under $420 an ounce in New York for the first time in three sessions, pressured by strength in the dollar as well as the broader stock market. December gold closed at $415.60 an ounce, down $5.60 for the day. January platinum fell $31.40, or 3.7 percent, to end at $829 an ounce, its lowest level in almost a month with worker strikes in South Africa failing to spark concerns on the overall supply view ========================================================================== This is interesting. Is this related to autos? futuresource.com This contract is also forwarded looking at OCT 05 Mish