let's not lose sight of the big picture

Friday 23/04/10

the consumer led recovery that everyone was hoping for.... good news for MDT ......expect write-ups going forward...... why wouldn't you participate in a rights issue?

"...U.S. stocks advanced, extending the Dow Jones Industrial Averages longest weekly winning streak in six years, as the biggest jump in new home sales in almost five decades bolstered optimism the economy is improving...

...Pulte Group Inc. (Industry: Bldg-Residential/Commer) rallied 5.7 percent after purchases of new homes rose 27 percent in March, the most since 1963, as buyers took advantage of a tax credit...

...Stocks erased early losses after figures from the Commerce Department showed purchases of new homes climbed to an annual pace of 411,000 that exceeded the highest forecast of economists surveyed by Bloomberg News. Last months purchase rate was the highest since July and followed a record-low of 324,000 in February that was higher than previously estimated...

Source:
http://www.bloomberg.com/apps/news?pid=20601057&sid=aes2zowNVGAk

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