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B4 The Bell Tuezelday August 24


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#46

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Posted 24 August 2004 - 10:11 AM

CNBS briefly mentioned existing home sales down 2.9%

Nothing to see here...move along.

#47 seamus

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Posted 24 August 2004 - 10:11 AM

Home resales 6.72mm, missed estimates and down from last month

#48 soup

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Posted 24 August 2004 - 10:11 AM

LLD: Yes it is a cesspool. I guess the stakes are at all time high. Save housing at all costs. can they pull it off?
""Pretty bubbleheads preen daily on our financial networks, playing the shill to Wall Street and Washington in order to lure unsuspecting Americans into buying insanely overvalued stocks. The great market exchanges, once prudent arenas of investment where the engine of capitalism traded value for value, have become sham casinos staggering under decades of massive Fed created debt and lurching into oblivion on the greater fool theory. Yet our high level bureaucrats, led by Alan Greenspan, exhort all Americans to consume still more of their seed corn and seek still more fools." N. Hultberg

#49 soup

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Posted 24 August 2004 - 10:12 AM

So we have record new starts and sales are starting to taper off. Throw in the huge bubble, and well, I smell a major problem.
""Pretty bubbleheads preen daily on our financial networks, playing the shill to Wall Street and Washington in order to lure unsuspecting Americans into buying insanely overvalued stocks. The great market exchanges, once prudent arenas of investment where the engine of capitalism traded value for value, have become sham casinos staggering under decades of massive Fed created debt and lurching into oblivion on the greater fool theory. Yet our high level bureaucrats, led by Alan Greenspan, exhort all Americans to consume still more of their seed corn and seek still more fools." N. Hultberg

#50

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Posted 24 August 2004 - 10:13 AM

July Existing-Home Sales Off Slightly from Record, Says NAR

8/24/2004 10:00:00 AM

To: National Desk, Real Estate Reporter

Contact: Walter Molony, 202-383-1177 or wmolony@realtors.org, Lucien Salvant, 202-383-1176 or lsalvant@realtors.org, both of the National Association of Realtors ®

WASHINGTON, Aug. 24 /U.S. Newswire/ -- Existing single-family home sales slipped in July but still managed the third-best pace on record, according to the National Association of Realtors®.

Existing-home sales declined 2.9 percent to a seasonally adjusted annual rate (see NOTE) of 6.72 million units in July from a record pace of 6.92 million units in June; last month's sales activity was 8.6 percent above the 6.19-million unit pace in July 2003. The second-highest sales rate was in May of this year.

David Lereah, NAR's chief economist, said changes at this volume of sales are relative. "Prior to this year, the July sales pace would have been a real eye-popper," he said. "The fact is -- it remains so. The present level of home sales activity is considerably above last year's record, and the new benchmark we'll set in 2004 is a significant contributor to overall U.S. economic growth."

http://releases.usne...se.asp?id=35093

#51 soup

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Posted 24 August 2004 - 10:14 AM

Will folks ever wake up? Can the govt/fed really backstop all assets?
""Pretty bubbleheads preen daily on our financial networks, playing the shill to Wall Street and Washington in order to lure unsuspecting Americans into buying insanely overvalued stocks. The great market exchanges, once prudent arenas of investment where the engine of capitalism traded value for value, have become sham casinos staggering under decades of massive Fed created debt and lurching into oblivion on the greater fool theory. Yet our high level bureaucrats, led by Alan Greenspan, exhort all Americans to consume still more of their seed corn and seek still more fools." N. Hultberg

#52 soup

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Posted 24 August 2004 - 10:15 AM

Are there really any lower forms of life than the natl assn of realtors?
""Pretty bubbleheads preen daily on our financial networks, playing the shill to Wall Street and Washington in order to lure unsuspecting Americans into buying insanely overvalued stocks. The great market exchanges, once prudent arenas of investment where the engine of capitalism traded value for value, have become sham casinos staggering under decades of massive Fed created debt and lurching into oblivion on the greater fool theory. Yet our high level bureaucrats, led by Alan Greenspan, exhort all Americans to consume still more of their seed corn and seek still more fools." N. Hultberg

#53 Lock Limit Down

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Posted 24 August 2004 - 10:16 AM

Diesel hit all time highs this morning
They have been all over the decline in crude this morning.
Less then 2 months ago crude was at 36..Now 45.75 for a 30% INCREASE but such comparisons are lost in the big picture.
Such brilliant media propaganda.

Option ex on silver on Friday could explain the beating they are laying on the metal. These jerks never lose.
Posted Image
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson

#54 soup

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Posted 24 August 2004 - 10:16 AM

So it is all releative now? Yeah bullshit, bubbles must expand or they deflate. Has there ever been such a time of so much disinformation? So much brainwashing? Wake up folks and think independently.
""Pretty bubbleheads preen daily on our financial networks, playing the shill to Wall Street and Washington in order to lure unsuspecting Americans into buying insanely overvalued stocks. The great market exchanges, once prudent arenas of investment where the engine of capitalism traded value for value, have become sham casinos staggering under decades of massive Fed created debt and lurching into oblivion on the greater fool theory. Yet our high level bureaucrats, led by Alan Greenspan, exhort all Americans to consume still more of their seed corn and seek still more fools." N. Hultberg

#55 brian4

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Posted 24 August 2004 - 10:18 AM

Yesterdays swing high was 1101.40 and it held, everything is on track-we have had the goodbye kiss! ;)

#56 jstrack

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Posted 24 August 2004 - 10:18 AM

Do you think existing housing sales may signal future problems for home builders? I don't know, but with record high building starts and permits, they could be left hanging. should today's decline be the beginning of a trend.... Of course its too early to know....

#57 zensmoke

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Posted 24 August 2004 - 10:18 AM

*DJ Fed Accepts $6.50 Billion Overnight System RP's

#58 brian4

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Posted 24 August 2004 - 10:20 AM

Chiron is really pissed this morning-look out below!

#59 soup

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Posted 24 August 2004 - 10:21 AM

Jstrack: That is Exactly my thinking. So it will be at best early at worst totally wrong. :o
""Pretty bubbleheads preen daily on our financial networks, playing the shill to Wall Street and Washington in order to lure unsuspecting Americans into buying insanely overvalued stocks. The great market exchanges, once prudent arenas of investment where the engine of capitalism traded value for value, have become sham casinos staggering under decades of massive Fed created debt and lurching into oblivion on the greater fool theory. Yet our high level bureaucrats, led by Alan Greenspan, exhort all Americans to consume still more of their seed corn and seek still more fools." N. Hultberg

#60 Hiding Bear

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Posted 24 August 2004 - 10:22 AM

*DJ Fed Accepts $6.50 Billion Overnight System RP's

Tanks.

The Fed took out $1.75B in repos after adding $5.25 yesterday. Ignoring day to day movements, the Fed is still sticking to the upper range of its probable monetary base growth target - or in other words it is worried but not real worried yet.





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