David White: The housing and PPI data this morning could not have been much worse. This seems almost assured to send the markets downward.
Tue, Oct 20, 2009
David White: PPI declined -.6% in Sept. vs the expectation of +.1%. This is real deflation. It's extremely bad news that other sectors may join housing.
Tue, Oct 20, 2009
David White: Market tendency is up tomorrow after AAPL's results. Still Building Permits, Housing Starts, and PPI data will strongly influence the day.
Tue, Oct 20, 2009
David White: Aug PPI Crude Goods Core up +6.0%. If up again in Sept., higher price could lead to lower demand. Another reason retail sales may be down.