Global Capital Reserves: Home Sales Disappoint!

Friday, October 19, 2012

Home Sales Disappoint!

The latest stock rally on Monday 10-15 was ignited by news that home starts had increased. But Wall St forgot that housing STARTS don't equate to home SALES. Home starts -- building -- only add to an already-bloated inventory! That is DEFLATIONARY, and is not a sign off recovery!

Now, reality returns to Wall St! Today, we learn that existing home SALES have declined. There is NO housing recovery!

Recommended Book List

Analyse Technique et Volatilite (english version here)- Philippe Cahen
Analyse Technique et Volatilite - Philippe Cahen
Bollinger on Bollinger Bands - John Bollinger
Candlesticks Explained - Martin Pring
Creature from Jekyll Island, The - G. Edward Griffin
Creature from Jekyll Island, The - G. Edward Griffin
Disciplined Trader, The: Developing Winning Attitudes - Mark Douglas
Dynamic Technical Analysis - Philippe Cahen
Enclyclopedia of Technical Market Indicators, The - Robert Colby
High Probability Trading - Marcel Link
Phantom's Gift
Psychology of Risk, The - Ari Kiev
The Ascent of Money - Niall Ferguson
Trading in the Zone - Ari Kiev
Trading in the Zone - Mark Douglas
Trading to Win - Ari Kiev

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Friday, October 19, 2012

Home Sales Disappoint!

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