Housing numbers

Discussion in 'Trading' started by blast19, Mar 20, 2007.

  1. blast19


    Anyone glean anything from the markets today?

    Housing numbers were pretty unimpressive and the false security of the bounce back in construction numbers seems to have lost it's value to the mrkets quickly.

    The building permit numbers were nothing nice and apparently that has some slight impact on the indexes turning negative.

    Anyone dare to make predictions about the tone and handling of Bernanke tomorrow?

    I'm curious if he'll confront the subprime lending and other mortgage industry problems. Probably not, but Dodd has asked a number of execs to appear before the Senate Banking Commission and Bernanke would be wise to at least discuss this.

    I guess if he avoids Greenspan can step in and do it. :D As is the new norm.