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

To: Tommaso who wrote (16040)	11/17/2004 10:49:20 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Refis nearly 50% of mortgage applications Message 20774779 OK - I do not get it. Why are refis rising with rising interest rates? Are people that desperate for cash to live on? Mish

To: Tommaso who wrote (16040)	11/17/2004 10:53:14 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

SAN FRANCISCO (CBS.MW) -- December crude in New York is up 34 cents at $46.45 a barrel after the Energy Department said distillate supplies fell for a ninth week, down 1 million barrels to 114.6 million for the week ended Nov. 12. Crude inventories rose for an eighth week, but by a lower-than-expected 800,000 barrels to total 292.3 million. Gasoline stocks fell by 400,000 barrels to 200.9 million barrels. December heating oil is up 1.81 cents at $1.345 a gallon and December unleaded gasoline is up 1.05 cents at $1.2325 a gallon. crude rallied on that news and gave it all back. Bearish IMO Mish