http://money.cnn.com/2005/03/16/news/economy/cag.reut/index.htm Gap? how about CANYON?
y/y grew 25%!
Now textile quoto's are gone....the REAL TSUNAMI is occuring right HERE in this country.
INDIA will STEAL our Service Sector as China stole our manufacturing, and the US GOV FED and BIG Corp's etc will be complicit in it.
ALL this wonderful backdrop and NO ALARM sent out about the rampant SPECULATION that has and IS occuring in the housing sector..condo's being built and sold so FAST in FLA you think we were ALL retiring today....
My rhetoric hasn't changed, my timing is about to get better.....I have held my position during the sideways drawl.....watch the VIX,,,,watch BONDS...we already KNOW the volume on DOWN DAYS EXCEEDS that of any rally.
Break of 1500 decisively IMHO portends LOWER prices for the weaker NDX. 1200 already broken in SPX. GM leading futures down, WILL the buyers come in today to STEM the losses or turn the tide? OR WILL the hedgies go way of least resistance?
Pull up chart on NEW and see weakness in that sector.
Duratek
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