Apparently the market is not all that concerned that another Homebuilder has come forward and lowered their guidance for next quarter. LEN warned of a potential rocky road ahead, and they are the third company to do this in a short span of time. The main reason for the strong market movement today was the fact that Consumer Debt only grew 2.8% last month. The trend of debt was growing around 7 or 8% in the last few reports, so this news adds to the headache of trying to figure out the state of the economy. One minute it looks great, the next it looks terrible.

Next week we will kick off with a watchlist for the week going forward like we normally do every week. I am a little uneasy at the moment of the trend of the market and which side I am on, but by Monday I should arrive at a conclusion. Until then, have a fun filled weekend, and don't spend anytime thinking about trading or the market. Reset your brain power, and you will be totally refreshed by next week to pick up where you are leaving off.

I had a good topic to touch on this afternoon, but I have planned to save it until Monday. I have a short list of things I want to post about, but like I said...it's a short list. This means I am soliciting again...

To send me a suggestion on what you would like to read about. Click here to send me a quick e-mail and offer me a topic for suggestion. I will continue to post watchlists, talk about trades, and give you an occasional "insight" as to what I am thinking about, but what else would YOU like to hear? I'll give you the weekend to think it over, but give me a few ideas. You don't realize how hard it is to find a new topic two or three times a day, so your help is appreciated. I might not be able to reply to the e-mail you send, but I promise that I am reading them.

Again, have agreat weekend. Continue to do your part to leave comments and post frequently. Others appreciate your efforts as much as I do. See you next week!

Posted by Option Addict on 9/08/2006 at 3:07 PM | Permalink