Friday, June 24, 2005

HOUSING DATA NO ONE ELSE WILL SHOW

In other economic news, sales of new homes climbed to the second highest level in history, but median home prices fell sharply in May. The government reported that sales of new single-family homes rose by 2.1 percent last month to a seasonally adjusted annual rate of 1.3 million homes, but the median cost dropped 6.5 percent to $217,000.

**HAS "IT" already begun? ALL for today, maybe I'll post tomorrow something. WATCH last half hour today, see if traders MUST hold stocks thru weekend. Some trendlines being broken.

D

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