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Toll and Cramer optimistic about housing turnaround

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Mad Money host Jim Cramer spoke to Toll Brothers CEO Robert Toll, who told Cramer in May 2008 that the “light you see at the end of the tunnel may be the train coming toward you,” about the state of the housing market. Today, Toll said he is seeing signs of life in the housing market in about 80 percent of the country. Cramer said he is holding to his own prediction that the U.S. housing market will bottom out on June 30 of this year.

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