The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Peter V who wrote (106896)	2/27/2008 9:28:04 AM
From: Rarebird	of 306849

<<U.S. stocks erased early losses and rose after tech giant IBM raised its profit outlook.>> Although the move was positive, it didn't reflect any great increase in business at IBM, but just a continuation of the trend: higher earnings on the weak dollar and cost-cutting from moving non-essential jobs like customer support to India. One would think that such a breakout in the Dow and S@P here would be confirmed by strength in the NASDAQ-100. Instead, the NDX stubbornly refused to rally and continued to be confined within its contracting trading range. This is partly why I issued an alert yesterday afternoon: Message 24347689

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