Market Soapbox 03/27/07
TUE, broadbased down day, DJIA -72 on low volume with ugly internals. All DOWN cept XOI.
Bonds down 10 yr yield +1 bps 4.61, $ down vs 117.89y & vs 1.3349E, WTI crude up $62.93, gold down $662.5.
Todays action more herk and jerk to the downside, SP500 1437 back down to 1425. The market is teetering at this level and all it needs is one good shove...
In January, Lennar CEO Stuart Miller said profit may rise this year provided:
"employers keep hiring, interest rates remain low and a healthy economy continues."
40% of all jobs created since 2001 are directly based on the ever shrinking housing sector. Another 20% are service oriented growth from that 40% creation rate...
With a pull back, that is not yet half way over, which way do you think the economy, hiring and spending is going in?
Bonds down 10 yr yield +1 bps 4.61, $ down vs 117.89y & vs 1.3349E, WTI crude up $62.93, gold down $662.5.
Todays action more herk and jerk to the downside, SP500 1437 back down to 1425. The market is teetering at this level and all it needs is one good shove...
In January, Lennar CEO Stuart Miller said profit may rise this year provided:
"employers keep hiring, interest rates remain low and a healthy economy continues."
40% of all jobs created since 2001 are directly based on the ever shrinking housing sector. Another 20% are service oriented growth from that 40% creation rate...
With a pull back, that is not yet half way over, which way do you think the economy, hiring and spending is going in?
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