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

To: orkrious who wrote (66296)	7/18/2006 11:46:27 AM
From: ild	Read Replies (1) \| Respond to of 110194

I have small short in MGT. Bigger short in RDN. Frankly I didn't expect MTG report to be bad. Poots on individual stocks are expensive. I like XLF poots where time premium is very small. Looking at WFC it appears that the banks still have a half full cookie jars.

To: orkrious who wrote (66296)	7/18/2006 12:01:26 PM
From: ild	Read Replies (2) \| Respond to of 110194

Retail stocks are sharply down, but the financials are holding well.

To: orkrious who wrote (66296)	7/18/2006 1:16:29 PM
From: ild	Read Replies (3) \| Respond to of 110194

WASHINGTON (MarketWatch) - Home builders' confidence plunged to a 15-year low in June, reflecting growing worries about rising interest rates and declining affordability, the National Association of Home Builders said Tuesday. The NAHB/Wells Fargo housing market index fell three more points to 39 in July, the lowest since December 1991. The index peaked at 72 last June and has fallen in 11 months since then. In July, all three components of the home builders' index fell. Current sales index fell to 43 from 47, the expected sales index dropped to 46 from 51, and the traffic of potential buyers index fell to 27 from 29.