It used to rally big time on lower dollar.
You know. Great for multinationals profits, and great for exports.
Maybe this is just a small consolidation that will go on this week.
Why is the market selling off on great Home builder news
Started by
nimblebear
, Jul 27 2009 10:13 AM
11 replies to this topic
#1
nimblebear
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Welcome to the Dark Side !
Posted 27 July 2009 - 10:13 AM
OTIS.
#2
trioderob
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Posted 27 July 2009 - 10:38 AM
i think that by end of day you will see the big rally based on housing I was posting about last week.
#3
skott
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Posted 27 July 2009 - 11:59 AM
bad earnings. plus I read housing numbers are somewhat bogus because of all the foreclosures. the above 150k market is still suffering badly
#4
Sentient Being
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Posted 27 July 2009 - 12:13 PM
Isn't there some sort of an important treasury auction today? How's that going? That might figure in.
In the end we retain from our studies only that which we practically apply.
~ Johann Wolfgang Von Goethe ~
~ Johann Wolfgang Von Goethe ~
#5
milbank
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Posted 27 July 2009 - 12:31 PM
The home builders are having a good day but, if there was going to be a broad based rally based on them we would have seen it already.
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
#6
Sentient Being
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Posted 27 July 2009 - 12:37 PM
Well, the treasuries sold but I have no clue about how to break it down. Meaning who bought them or if the rise in rates was considered signficant
In the end we retain from our studies only that which we practically apply.
~ Johann Wolfgang Von Goethe ~
~ Johann Wolfgang Von Goethe ~
#7
colours
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Posted 27 July 2009 - 12:39 PM
The " great " news on housing was an 11 % increase in sales . That 11 % is an increase from the revised May 2009 estimates . The year over year sales estimate was DOWN 21.3 % from June 2008 . Spin it any way you want , but a 21.3 % decrease in a year is quite a drop in sales and that definitely is not good news .
http://www.ritholtz....sales-fall-213/
http://www.ritholtz....sales-fall-213/
Edited by colours, 27 July 2009 - 12:40 PM.
#8
milbank
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Posted 27 July 2009 - 12:53 PM
The last two posts begs the musical question...
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
#9
milbank
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Posted 27 July 2009 - 12:55 PM
Sorry, couldn't resist. 
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
#10
Sentient Being
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Posted 27 July 2009 - 12:58 PM
In the end we retain from our studies only that which we practically apply.
~ Johann Wolfgang Von Goethe ~
~ Johann Wolfgang Von Goethe ~
