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  • w999surf w999surf Aug 28, 2012 4:17 PM Flag

    If we don't go up big today .....

    Republican Convention will take the market up the rest of the week and I believe pending home sales come out tomorrow at 10 am and will give the builders a boost. Also GDP is coming out at 8:30 which could go anyway, but based on earnings, I think we will meet estimates.

    Today was a bad day for the market as a whole based on the media coverage of Isaac. Tomorrow we will wake up and find it was a non event and the media will have to run clips of Katrina again.

    Housing is in the very early stages of a recovery and it will be very difficult to pick out short term tops as we go. And KBH will not see a positive quarter for some time to come.

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