Sunday, October 21, 2007
What to expect in coming week
This coming week could be interesting. We're in earning reporting season, a financial crunch, and the NAR reporting on existing home sales. The graph comes from the following link:
Notice one thing from the graph? The plunge in seasonally adjusted home sales only "paused" during the normally really slow January/February months. In other words, the worst months of the year didn't behave horridly, but every other month has been performing far worse than seasonal norms.
Countrywide reporting on Friday should be exciting. Any predictions?
Don't forget to look at foreign stock markets:
All I'm seeing (today 10/21/2007) is red.
I send out my best wishes to those impacted by the fires. The Laguna fires from my days down in the OC left quite a memory (we were the next section scheduled for evacuation prior to containment of the fires). I'm not at my place right now, but one of the fires supposedly stopped 1.5 miles away. Oh joy, lots of ash in my stuff. :( But that is nothing compared to anyone who lost their home. Or might that be good luck for some FB's? ;)