19 May 2015

SP 500 and NDX Futures Daily Charts - Teen Spirit

The markets were thrilled this morning with Housing Starts and Building Permits numbers that were far above estimates, stoking hopes that the economy is recovering.

I would like to know the target market for these homes, and how many are spoken for. You'll forgive me for wondering if these are going into the speculative overhang along with the home flippers and their existing homes inventories.

Walmart missed on earnings and revenues, and in that there is a message, and a very strong one.

ETSY missed after the bell, and the stock was getting monkey hammered. So go the 'hot IPOs' of bubbledom, that come out at prices like 30, and less than a month later are under 20.

Have a pleasant evening.