I was getting long all morning, because I can tell you the new houses on my street are not selling. A 10.5-percent drop reinforces what people are saying about the housing market slowing.
More Quotes from Frank Hsu:
The market has traded very poorly. Gold is trading above 600, which is indicative of the inflation outlook. Then there is fear about a strong jobs number tomorrow.Frank Hsu
The GDP data was weak, but the key is new home sales. The Fed right now has one thing to worry about, and that is the housing sector. And this number must give it a big relief.
Frank Hsu
Five percent is looking more and more like the level where the Fed needs to stop. Anything beyond 5 and there's a real danger to over-kill the housing market, which would have a negative effect on the whole economy.
Frank Hsu
We're breaching key support levels here and that has triggered more selling. We're seeing a combination of central bank selling and portfolio managers hedging.
Frank Hsu
The TIPS auction was better than anticipated, especially the indirect bid. Technical buying and a weak stock market also helped.
Frank Hsu
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Based on Topics: Morning Quotes, People Quotes, Sales Quotes, Selling QuotesIn a society where the rights and potential of women are constrained, no man can be truly free. He may have power, but he will not have freedom.
Mary Robinson
My life before children I don't really remember. I've heard references to it, but I really don't remember.
John Malkovich
But let them sleep, Lord, and me mourn a space.
John Donne