Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: Kenneth E. Phillipps who wrote (87802)	7/19/2010 10:36:35 AM
From: Hope Praytochange	Read Replies (1) of 224754

Stocks appeared to lose some of their ground after disappointing numbers on housing suggested sentiment in that key sector is beginning to wane. The National Association of Home Builders said its July sentiment index came in at 14, lower than a revised figure of 16 in June, and below economists' expectations of 16. "I think it's generally accepted right now that without employment, housing is going to kind of butterfly back and forth," said J.J. Kinahan, chief derivatives strategist for TD Ameritrade. "Without unemployment under 9%, the housing market is not going to meaningfully recover." Mr. Kinahan said the numbers' impact was muted by two other updates expected this week from the housing market, as well as a spate of closely-watched corporate earnings. "We've got Apple, Goldman and IBM this week," he said. " Unless the housing numbers are really, really off the beaten path, I think the market is going to discount it immediately."

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