Housing is looking like taking a double dip ..housing is an important wheel in our recovery....
Indices are staying either side of close......
Markets are dealing with many uncertainty...thus basing in 1090 to 1110 in S&P 500????
Gold UP 40 cents
Oil UP $1.18
Canadian $ UP 55 tick to 94.84
Portfolio is APWR,IAG,PALM,SLW......
@12.51 following are green :
SLW,IAG,TC,AAPL,RIMM,SOHU,TLM,
PWRD,SINA,IBN,ISRG,GOOG,BIDU,MA,
LVS,AMZN,NXY,FMCN,ICE,FUQI,FSLR....
BLOG does NOT give buy or sell.
Saleem
4 comments:
Pretty boring market today.
Hi Victor,
YES..almost a flat day with slight green color...
Saleem
Hi Saleem,
Here is a statement that did not hit the front page scare.
Compared to January last year, sales of existing homes were up 11.5 percent.
The media likes to scare people.
Best Regards
Hi Standards,
Last January was before March meltdown...maybe it was too low to begin with..BUT i do NOT know the historical numbers of US housing....to do a statistical analysis.....
We MAY be hitting a WEAK Q2..as expected by me..housing MAY be a leading indicator sometimes???
Saleem
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