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Real Estate Broker/Owner - Lee Forbes PA, Forbes Property Group Broker in Bradenton - bk699704
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The future's beginning to look much brighter than before. Over the past couple of weeks, we've seen some indications that the worst of the credit crunch is over. Among them: • Market expectations have shifted toward the possibility of the Fed increasing interest rates, beginning in September.   •...
We'll launch summer with Memorial Day weekend, but there's not much market-moving news leading up to it. The highest melodrama could come from Wednesday's release of the minutes from the Fed's April 30 meeting, when they cut rates by what many are saying is their final quarter point. Of course we...
It was a positive week for the markets, yet it had its share of not-so-positive news. This is another sign that investor sentiment about the economy is turning around, which it's been doing, with a few minor glitches, since the Bear Stearns bailout in mid-March. Just like last week, we're going t...
Last Friday's report on housing starts came in nicely above estimates, now how about that. Enjoying their third increase in the last four months, housing starts rose 8.2% in April, which works out to a rate of 1.032 million units a year. That almost equals the average level of the past four month...
TRY AND STAY AWAKE... Actually, after the last few weeks, this one should be a welcome breather. Operative word SHOULD. Not a lot to consider in economic indicators, although Pending Home Sales is always a favorite with our crowd. ISM Services and preliminary Q1 Productivity could also be interes...
 The Dow broke through that number Thursday and, best of all, held on Friday, resulting in a breakout week, with the S&P 500 landing above 1400--its highest close since January! The week began sweetly enough with candy king Mars buying gum giant Wrigley for a tasty $23 billion. This deal was actu...
Last week new single-family homes sales for March came in at an annual rate of 526,000. This was lower than the expected rate of 580,000 and the slowest pace of sales since 1991. Some good news was the inventory of new homes fell to 468,000, down 18.3% from its peak in mid-2006. This is still an ...
Believe it or not, the market last week held all the ground it gained in the previous week's huge rally and even ticked up a bit more. The fact that Nervous Nellies didn't sell off and take their profits could mean we're seeing investors show a little more confidence about the economic situation....
The week before, the markets were bearish, so last week, guess what? An un-bull-ievable rally! The market is back behaving like New England weather. If you don't like it, just stick around--it's sure to completely change! Last week's upward charge came from better than expected economic data and ...

Lee Forbes

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