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IBDvalueinvestin (99.67)

KneeJerk reaction turns into Full Blown "Panic Selling" as Financials lead the way down

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February 25, 2010 – Comments (2)

Financials hurt by Home Price Index because if homes are still falling then people will not step up and buy this Spring.

December Home Price Index -1.6% vs +0.4% consensus

 

and the jobs market is not helping either:

Initial Claims 496K vs 460K consensus, prior revised to 474K from 473K

2 Comments – Post Your Own

#1) On February 25, 2010 at 12:15 PM, lemoneater (80.61) wrote:

It's days like these that make me glad that I have some foreign stocks and some commodities in my portifolio. A few of them seem to move opposite the market or at least remain flat. Any insight on why WAMUQ my only penny stock and a financial is up today? 

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#2) On February 25, 2010 at 12:40 PM, BuffetsMentor (< 20) wrote:

speaking of financials, do you think IRE or AIB have hit a bottom yet?

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