CRACK PIPE ON FIRE !!

By Jeannine Aversa, AP Economics Writer

Most Homeowners Can Weather a Shock if Prices Drop, Greenspan Says

WASHINGTON (AP) -- While the high-flying housing market still holds risks, especially for the financially stretched, most homeowners are in a fairly good position to weather a shock if prices drop, Federal Reserve Chairman Alan Greenspan said Monday.

"The vast majority of homeowners have a sizable equity cushion with which to absorb a potential decline in house prices," he said in remarks delivered via satellite to a banking conference in Palm Desert, Calif. Less than 5 percent of home borrowers were highly leveraged, according to one measure, he said.

**Double talking fool, one side says LOOKOUT AMERICA TROUBLE AHEAD, and then someone pulls him aside and says "pssssssssstt Alan, can you uhm, tone it down"....we dont want to wake up the lemmings"

SO he comes back with.....nah dont worry forget what I Said yesterday, because you probably couldn't make sense out of it anyway , now there's some truth.

Today's action was a RELIEF RALLY? and a WEAK one IMHO with only 54% UP volume.

Duratek (you make it this far Joe and Sheila?)