Business
September_19th_2012.mp3 Home Sweet Home A root cause of the economic upheaval was the housing market. Today both new housing starts and existing home sales were released for August with impressive results. Housing Starts (Click For Larger Picture) Home sales have recovered after being a root cause of economic collapse. Existing home sales rose strongly for a second straight month, up 7.8 percent in August to an annual unit rate of 4.82 million. This is the largest monthly percentage gain since last August and the highest rate since May 2010. All regions show high single digit gains in the month. Supply on the market, at 6.1 months at the current sales rate, remains tight and may be limiting sales. Currently bullish sentiment is low despite equities challenging recent highs. The bullish sentiment is not as important as confidence which has been lacking with the recent melt up. There are many opportunities to make money but it requires action on your part, each stock selected must show risk/reward of at least 2:1. Make the call - let me provide you with a unique perspective on your investments through a no-obligation consultation. Contact me by filling out the 'Unique Perspective' form on the Contact page, or by calling at 1-204-982-0633. Before trading, please contact an investment professional.