Hovnanian Enterprises (HOV 3.02) reported a wider-than-expected loss and a steep drop in revenues for its fiscal second quarter, and while the company said it has seen stability in home prices, management remains concerned about the challenging home sales environment.
Aetna issues profit warning.
Here's how the data misleads.....last ADP report had 491K jobs lost. NOT talked about on CNBC BS was that it ws revised to loss of 545K jobs!@ did the market rally on the original 491K?
This month showed a STEEP rise to 532K (if against 491K) but was reported as a DROP of 13K (against revised 545K) what a joke.
Unemployment sure to rise above 9% but friends is it REALLY JUST 9%? How do the economies of world RECOVER when we keep getting these HUGE jobs losses across wide spectrums of economy?
IMHO stock market reflect ODDLES of HOPE, little substance. My study on 200 EMA posted yesterday may be right on money. By days end we'll see what was behind the numbers .
Upside to factory orders? except last report downgraded from -.09% to -1.9%
D
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