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We Have Pulled Back From the BSC Brink

By Jim Cramer

 About this article:
 (Editor's Note: RealMoney is free to all TheStreet.com readers until Monday night. We hope you enjoy this article. If you would like to subscribe to RealMoney, please click here.) Are we better off than we were when we had the middle-March scare from Bear Stearns? Is Lehman Brothers better able to handle the downturn, or the shorts for that matter? Is the Philadelphia Housing Sector Index (HGX) going to slice through 129, and are Centex, KB Homes, Lennar, Pulte and D.R. Horton going to come under withering attacks again? Is Toll Brothers the sole survivor? I actually think things are better now. Capital has been raised, lots of real estate has been sold, there's a sense that if you cut price for a home it will sell, and we have legislation in the hopper that will put the brakes on foreclosures, slowing them down to a more manageable...

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