Contrarian Stock Market Investing News - Featuring Bargain Stocks

Friday, November 21st, 2008

Posts Tagged ‘ Existing Home Sales ’

Earnings Reality Hits US Stocks

Apr 8th, 2008 | By Contrarian Profits | Category: Featured, Financial News, Stock Market Investing

Optimism has turned to realism on Wall Street.

US stocks slumped today following disappointing quarterly earnings and news that mortage lender Washington Mutual needed a bigger cash injection than expected. WaMu today drew $7 billion in capital, $2 billion more that the amount originally circulated.

News that existing home sales dropped in February also weighed on investor sentiment.

Tags: , Bear Stearns, Ben Bernanke, Existing Home Sales, Investor Sentiment, Market Rally, Quarterly Earnings, recession, Wamu, Washington Mutual
Posted in Featured, Financial News, Stock Market Investing | No Comments »

Housing Crunch: Pending Home Sales Drop

Apr 8th, 2008 | By Contrarian Profits | Category: Featured, Financial News, Real Estate Investments

Existing US home sales dropped in February, according a National Association of Realtors (NAR).

The NAR pending home pending home sales index, a leading indicator of existing home sales, dropped 1.9% in February. The index is down 21.4% from the February 2007 level.

There has been plenty of shrill calls for government to intervene in the housing crisis, but what can – or should – government do?

Tags: , Association Of Realtors, Existing Home Sales, Federal Reserve, House Price, House Prices, Housing Boom, Moneyweek, Nar, National Association Of Realtors, Pending Home Sales Index
Posted in Featured, Financial News, Real Estate Investments | No Comments »

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