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To: John Vosilla who wrote (135340)	8/1/2013 12:00:58 PM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

Yes, it's good news in manufacturing and housing. Consumer spending I'm not too bullish on, though, because consumer income is not keeping pace with spending and consumer debt continues to rise above sustainable levels. But if other areas of the economy pick up, then maybe the broad economy can overcome the fatigued consumer. I'm hopeful. One note of caution. The big corporate rentiers, who spent billions on buying homes for rent, are all now either going IPO or contemplating IPO. I also read recently that Blackrock is looking to collateralize the rent stream into a newly marketable derivative, which will see an explosion in rent based Real Estate Rental Revenue Securities. Both of these are EXIT strategies to sell while things are high to the suckers who will ride it to the bottom. Last time we saw an explosion in real estate derivatives and exit strategies was 2006-7. So I'll be watching this risk area closely. BTW, this is partly why I'm selling out of some of my DBLTX and diversifying into EM and Int'l stocks, as well as increasing my cash position.