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it was a 9 to 1 downside day in terms of volume and the advance decline line. only telecoms managed to post positive returns. financials and materials led the decline.
home prices in 20 cities increased for the 3rd straight month, but it's still down for the year at around 11% on the other side of the coin consumer confidence fell. not too good an 11% decline.
another ugly day. no real news. the dollar rallied though. the bear trade has gotten a bit crowded. be concerned with the technical aspect to last weeks trading. watch to find out what.
earnings season is well under way. most companies are beating expectation, but it comes at mainly cutting costs. we also talk about 3 things holding back the u.s. economic growth.
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