L&L Energy, Inc. LLEN

RE: Siegel:

[brotherM1]

I am not yet convinced the housing sector is significantly improving.  Still millions of foreclosures to go through.  The spring and summer are the best times for the housing sector.  What the rest of the year will bring remains to be seen.  Where I live the employment rate is better than the national average; yet home sales and construction are bleak and Home Depots and Lowes are slow with business.  Home prices have been held up artificially with the government prolonging foreclosures, helping with refinancing, the two years of unemployment compensation program, keeping interest rates low....and I believe others like myself are reluctant to buy another property.   If the economy improves we'll see interest rates increase and home prices thus not appreciate or even perhaps fall again.  I hope you are right about the housing sector but I obviously have doubts.