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B4 The Bell Moonday September 27


Hiding Bear

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New Home Sales up 9.4%

Expected 1 and change

 

Wonder how this number is calculated.

hard to believe but what election year government number is?

If these numbers are accurate, these buyers are primarily speculators in the quick-flip game with no money down and the inclination to walk away from these deals once the top is confirmed and the greater fool theory has run its course...any day now. This action - once set in revers mode, will cause a monumental and rapid collapse...contrary to conventional wisdom.

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hgx just printed a new daily low, so I guess the new home sales were not what was expected?

Headlines -

 

 

Fannie reaches agreement with OFHEO;

 

*To maintain 30% capital surplus

*To correct accounting errors OFHEO cited

*To recalculate derivatives thru '01

*agrees to staffing review, focus on CFO

 

 

30% capital surplus??? Short the home builders.

 

(Just my opinion. Not investment advice.)

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New Home Sales up 9.4%

Expected 1 and change

 

Wonder how this number is calculated.

hard to believe but what election year government number is?

If these numbers are accurate, these buyers are primarily speculators in the quick-flip game with no money down and the inclination to walk away from these deals once the top is confirmed and the greater fool theory has run its course...any day now. This action - once set in revers mode, will cause a monumental and rapid collapse...contrary to conventional wisdom.

Thanks Plunger

 

I think you hit the nail on the head...

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