The pending home sales is going to be out at 3 pm. It is expected to be -2 percent.
The market looks to rebound as Walmart reported strong sell (Although, I would think that more people are going to Walmart as they can not afford other places).
Home Depot reported a 27% drop in earnings. I would think it's going to get worse before it gets better as we still have a long way to go for housing.
I will be back with updates later on.
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Tuesday, November 13, 2007
Pending Home Sales
Posted by Housing Depression at 9:27 AM
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