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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.01

-1.9%

3:59 PM EST

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To: Lizzie Tudor who wrote (68603)	8/23/2005 2:51:10 PM
From: RetiredNow	Read Replies (1) of 77400

Lizzie, looks like you were prescient. Homebuilders all fell today and are likely to continue falling now that the statistics are showing a softening housing market... Stocks fall amid worries about housing news.yahoo.com By Vivianne Rodrigues 16 minutes ago NEW YORK (Reuters) - U.S. stocks fell on Tuesday as a report showing a decline in existing home sales raised concern about consumer spending and the outlook for the U.S. economy. ADVERTISEMENT All 15 stocks in an index of homebuilder stocks (^DJUSHB - news) fell and the index itself was down almost 2 percent. The declines followed a report by the National Association of Realtors, which showed sales of previously owned homes slowed more than expected last month. "Earlier this year homebuilder stocks were going up like Superman," said Al Goldman, a chief market strategist at A.G. Edwards in St. Louis. "Today's drop in the home sales report provided a good excuse for managers to finally sell those stocks and lock in some profits."

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