Thursday, October 27, 2005

 

Sell!

Before when I posted about the chance of a stock market crash I was looking at internal stock market technical data which lead me to believe that the trading in the stock market indicated that the stock market was weak. It bolsters my case when the macroeconomic news confirms my fears.

Sales of new U.S. homes rose more slowly than expected in September, while the number of new houses on the market hit a record and median prices fell, according to a government report Thursday that could signal cooling in the housing boom.

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