HBWOW

Homebuilders: Scant Good News [Housing Tracker]

Comparing the market volatility to the sevenities and eighties, we now experience more in one hour than one month twenty plus years ago. The manipulators and day traders aided by looser SEC regulations and/or supervision/review of trading, the rich (plus a lot of foreigners) are taking the investment wealth from the middle class Americans who already have lost considerable real estate wealth.
July 22 was a banner example of Wachovia annoucing bad results
and that day not of WB but many of the major bank stocks saw
incredible recoveries in stock pricing. HOW and WHY?