Stock Ideas 
Stock Ideas Investors Daily Edge Housing Back In The News,GDP Could Be Historically Bad
Stock Ideas Investors Daily Edge Housing Back In The News,GDP Could Be Historically Bad 
Market Watch
|
Keeping it real, dear reader...keeping it real... Now we are going to see what a big mess central banks can make of things. “Central banks seek to unblock markets,” says a Financial Times report. |
|
| More... |
Most Popular
Login Form
| Housing Back In The News,GDP Could Be Historically Bad |
| Monday, 23 March 2009 | ||||||||
|
After last weeks surprising housing numbers (building permits and housing starts actually increased) the housing reports this week are now even more unpredictable. Existing home sales are expected to drop by approximately 40k units, but I wouldn’t be shocked if this number actually beats expectations to the positive side and shows a gain. The reason is that foreclosures continue to create tremendous buying opportunities, and at some point, prices get low enough to spur sales. The New Home Sales report that comes out Wednesday is also expected to show a decline, but I think this one will be a much larger than the 9k units that’s anticipated. With so much cheap existing inventory available, builders moving new inventory face many obstacles. It should come as no surprise that the Durable Goods Orders report on Tuesday is expected to show a further decline. With the economy going nowhere fast, purchases of big ticket items has dried up. On a contrary note however, Personal Spending is expected to show an increase this month. So it looks like consumers are spending money, just not on durable goods. The Fourth quarter GDP figure comes out this week, and the final numbers are expected to show a slightly larger decline than previously thought. The final tally is expected to show a decline of 6.6%. If this figure holds, it will be the largest quarterly decline in GDP since the second quarter of 1980. 
This investment news is brought to you by Investor's Daily Edge. Investor's Daily Edge is a free daily investment newsletter that is delivered by email before the market opens. It's published by Fourth Avenue Financial, a subsidiary of Early To Rise (an affiliate company of Agora Publishing). In each weekday issue you'll receive practical strategies for protecting your portfolio and multiplying your money. You'll also learn about undiscovered opportunities in emerging sectors and markets, deeply discounted stocks, recommendations for bonds, cash, commodity and real estate investing, and top ETFs. To view archives or subscribe, visit Investor's Daily Edge .
|
||||||||
| < Prev | Next > |
|---|
