HomeBuilder’s vs Financials

I’ll have something this afternoon on the Housing Market/Homebuilders. Meanwhile, before you get too excited about the Financials (Doug!), have a look at this chart:

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Us_hb_v_fin

Chart courtesy of Jim Walker, Asianomics
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It suggest quite a few untoward things about the FINs.

Note: I am not implying that they should trade identically to the Homebuilders — just that its quite possible that there is still more risk in them . . .

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Source:
Economic Wave Theory
 Dr. Jim Walker
Welling@Weedon, 1/25/08   
http://tinyurl.com/2yunn4

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Black Friday Night Jazz

BLACK FRIDAY

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On days like this, where the market opens up over 100 and closes down 170, I always get that "Black Friday" feeling — that no one really wants to carry much equity exposure over the weekend.

On rare occasions, these days set up ugly Mondays (Wait! Didn’t we just have one of those?)

Katy_lied

But its Friday night — Enough market talk! Its time for some jazz to mellow out to.

I’m a big Steely Dan fan. Saw ‘em live a few times, always loved this song.

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