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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (25457)	1/28/2005 2:17:36 AM
From: Elroy Jetson	Read Replies (1) \| Respond to of 110194

It's funny that the Sales departments for Home Builders have been reporting just the opposite - the credit quality of potential buyers is significantly lower than it was a couple of years ago and declining very quickly since Spring of 2004. I wonder what financial companies have been reporting improved credit quality, and what they mean by that? .

To: mishedlo who wrote (25457)	1/28/2005 12:49:10 PM
From: John Vosilla	Read Replies (1) \| Respond to of 110194

Mish what do you see as the true leading indicator that this is happening soon? Just looked at the charts of Citigroup, Bank America, Countrywide, MBNA and Capital One. No breakdown visibile yet, all are much higher than prices 6 months ago and all are above the 200 day moving average. On a regional level I see pockets of weakness with a few midwest banks as well as a regional homebuilder like DHOM. Then how come that most financial companies have been reporting improving credit quality of consumers. <1) skip-a-pay 2) HELOCs 3) cash out refis 4) lower minimum pays 5) extended credit 6) Things always look good at the top ggg>