Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 681.92

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Dec 31 4:00 PM EST

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To: Fintas who wrote (48446)	4/10/2013 11:43:00 AM
From: Harmens	Read Replies (1) of 220992

Thanks, Fintas, for good explanation, I have never been familiar with homebuilders, so I cannot share my experience. However many of my friends who owns houses in Tri-State Area (NY-NJ-CT), Boston, California are under water with no recovery in sight. Homebuilders could be sustained by the rising stock market. However, nobody whom I know believes in this market to stay high for long. One friend of mine, a professional trader, told me recently that a common belief among traders on the floor (NYSE) is "if not for QE, the Dow Johns would be in 12000 area". Regards Harmens

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