http://news.goldseek.com/GoldSeek/1227557473.php
OCT YR/YR home prices fell by 11% and this is a worsening from previous as sales or existing homes fell below expectation.
addt'l thoughts
I have feeling this 2 day BURST is NOT the real deal....until VIX is BROKEN Down any longs should be ninbble quickies....if you make a pt or 2 I would exit....like move in lots of shares yesterday.
We need to have a $1T stimulus bill yet we can CUT same out of budget? Something has spurred furn ind to cut 2009 sales by 10% (office)
I dont BUY the V bottom theory, lucky to get U,
GDP this AM futures ramping up ahead
2 500 pt days should act like 2 90% downers, should bring down to sideways next 5-7 days
If THIS MOVE for real, certainly now would be good time to test any S levels before moving on.
People showing up for foreclosure auctions but few bids and LOWER prices.
HOW much $$ destroyed? STIM package not going to SLOW DOWN layoffs and downward price spiral IMHO
D
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment