Wednesday, October 04, 2006

Lots of good technicals today: Put/Call=1.2; VIX down a little;odd-lot shorts over 4 million; S&P volume strong and most of the Dow closed higher. Fed still pouring cash into the system which should normalize the curve soon.

2 comments:

Anonymous said...

Is this good for the housing market ?

Or does this means that houses and mortgages will continue their way down.

Thank You !

Deborah said...

Housing prices usually go sown when mortgage rates increase as they did about six months ago. The outlook for home prices is poor because of too much inventory. (The Northeast has seen 10% price declines in each of the past two summers!)