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Friday, 24 March 2006 |
 For those of you who are more than passive market watchers, you'll probably already know that new home sales plunged in February. The Commerce Department announced that the number of newly-built houses sold in February was 1.08 million. In January, that figure was 1.2 million. The 10.5 percent difference between the two was the biggest single-month drop in the last nine years. |
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Last Updated ( Wednesday, 19 December 2007 )
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Thursday, 07 July 2005 |
 On Tuesday, the Commerce Department reported that May's factory orders had increased by a 2.9 percent. This was well covered by 'the press', as it was to be a positive influence on 'the market' (yes, the quotes are intentional.....you'll see why). And quite frankly, I can understand the enthusiasm - the $394 billion in orders of manufactured goods is the highest level we've ever seen since the current calculation method was adopted. Although we're contrarians, we'll still completely acknowledge that this was (and is) a clue that the economy is on a solid footing. However, also being technical analysts, we've seen too many times that there's a disconnect between what 'should' be the result of a piece of economic data, and what actually occurs. Folks, the economy isn't the market. You can't buy shares in factory orders......you can only buy (or sell) stocks. Regardless of how strong or weak the economy is, you only make money if you buy low and sell high. So with that, we put together a study of some of the economic indicators that are treated as if they affect stocks, but really may not. |
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Last Updated ( Friday, 02 March 2007 )
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Friday, 23 February 2007 |
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Last Updated ( Thursday, 22 November 2007 )
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