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Joe Stocks

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Joe Stocks

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Re: mlsoft post# 144702

Tuesday, 08/26/2003 10:17:05 AM

Tuesday, August 26, 2003 10:17:05 AM

Post# of 704041
>>The "recovery" is far too weak to withstand higer rates at this stage.<<

Agreed. I think Christmas buying will be a bust without all the new refi money. Cash out on Refi this year so far are running $50 bil. Looks like that will drop substantially for 2h03. Recession by 1q04 IMO

Joe

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