200709.19
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Light At The End of The Tunnel…Part II

The Commerce Department released its monthly Housing report for August today. To no one’s surprise, it was a little bit negative, with US housing starts decreasing by 2.6%. Building permits also came in a little low, falling off by 5.9%. At first glance, the numbers seem pretty bad, but there’s a good in just about…

200709.14
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Light at The End of The Tunnel?

The US economy slowly limps forward, as the September 18th Federal Reserve meeting, a meeting where many hope and expect the Fed to cut rates, quickly approaches. The economic turmoil that has engulfed the markets is certainly giving the cause for a 0.25% or 0.5% cut a nice lift. And the economic reports released today…

200709.11
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Exports – Our Saving Grace

The markets were in desperate need of good news today, after a tumultuous past week where the Dow Jones Industrial Average lost 1.82%. Early in the morning, the markets received just that, when the July Trade Deficit report was released. The good news came in the form of a shrinking trade deficit and record export…

200709.09
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Market Update

Our latest tactical update is available by clicking on the link above. Here’s an excerpt: In August of 2007, America awoke wearing a lampshade of Miami pre-construction condos, a throbbing liar loan headache, sucker written on her forehead in lipstick and a sub-prime mortgage stuck to her shoe. This mighty hangover has only one cure…

200709.05
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Is It Over Yet?

Today, the markets received a flurry of economic reports that puzzled even the most seasoned investors. The first of these reports, the MBA Mortgage Application Survey, pointed towards a stabilizing housing market. It showed a seasonally adjusted 1.3% increase in the number of mortgage applications filed last week compared with the prior week. Refinance applications…