Wednesday, December 23, 2009

Tuesday: Home sales up, Wendsday: Home sales down

Manipulated headlines?

Yesterday: November home sales soar 7.4 percent

Today: November new home sales sink 11 percent

And markets expectedly seesaw. Obviously these aren't the same data points, one refers to resale of existing homes, the other to sale of new homes by home builders. One would expect some correlation between the two though.

Cheers!

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