From CBC MarketWatch...Look out...lots of negative news now starting to come in with multiple downgrades...Ford, Disney, GM...No way to feel much optimism, especially with the feeling ( on my part, cannot attribute that view to any others ) that Bush is not fully engaged or capable of sorting out the larger picture with regards to many facets of domestic policy. Not the place to engage in political discussion, but growing concern a-part from Iraq.
Again...from CBS MarketWatch.
Shares of homebuilders slumped after Lennar (LEN: news, chart, profile) said late Monday that total first-quarter home orders rose a less-than-expected 8 percent to 6,712 units, hurt by a 14 percent decline in orders in its West region. Lennar's stock lost more than 6 percent.
A Banc of America analyst said he was looking for a 23 percent increase in orders from the company
Fellow homebuilders Centex (CTX: news, chart, profile), KB Home (KBH: news, chart, profile), D.R. Horton (DHI: news, chart, profile), and Pulte Homes (PHM: news, chart, profile) all moved lower. |
