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Weak Housing Market Affects Stock Market
Posted by Stock Online Trader on May 11, 2007 in Currency, Real Estate
The National Association of Realtors (NAR) expected the home prices to finish down for the year, which would be the first drop since 1968. Single-family homes are expected to decline by 1%,to $219,800. The number of home sales is also expected to dip from 6.48 million in 2006 to 6.29 million in 2007, a drop [...]
Why The Dow Kept Going Up ?
Posted by Stock Online Trader on May 11, 2007 in Basic Material Sector, Economy, Emerging Markets, Energy Sector, Fundamental Analysis, Index
Dow Jones finally fell nearly 150 points. The reason for the fall was blamed at higher oil prices, weak economic indicators and lackluster retail sales. A variety of gold, silver, steel and oil stocks slumped. Home builders, health care and a variety of tech stocks sank too. However before this fall, stocks have gained over [...]