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To: ex-Texan

ping


2 posted on 09/20/2006 10:27:04 AM PDT by GodGunsGuts
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To: GodGunsGuts

I heard during the stock runnup of the late 90's that housing and the stock market compete for dollars. When one is up, the other is experiencing downward force, and vice-versa.

Problem here is that this currently popping housing bubble is being described more and more as a credit bubble, which means that if everyone is tapped out, they aint gonna buy anything, which is usually not good for the stock market.

I dunno. Gimme another beer.


45 posted on 09/20/2006 12:03:28 PM PDT by RobRoy (Islam is more dangerous to the world now that Naziism was in 1937.)
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