Archive for August, 2010
After yet-another disappointing building permits and housing starts update on Tuesday of this week, we were inundated with yet-another salvo of news commentaries stating the obvious…. with headlines such as Home Builders Continue to Struggle…”, and “Housing Starts Still Weak”. Fair enough.
The most amusingly-obvious (yet also irritating) story came from U.S. News & World Report [...]
The good news/bad news duality lingers…. and we have to acknowledge the scales actually tipped in favor of the good news this past week. Let’s lay out the arguments from each side of the table.
The bulls are saying….
1. The late rally on Friday is a huge testament to the ultimate conviction of the market. Buying [...]
It was a wild week last week on the sector front, with some new contestants starting to jockey for leaedership roles (and some of them are even making progress to that end).
Utilities and telecom are still out on front, though utilities stocks eased back a bit later in the week, allowing telecom to move ahead [...]