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June 23rd, 2010 at 9:59 am
Volume not very exciting so hard to get confident so far. Gold dropped $20 from the open and poor AAPL is looking mortal today, down 1.5% so we need to see them turn or there’s no way the Nas will recover.
New Home sales in 10 mins is big deal but expectations are now super-low at 325K, which would seem insanely low normally (541 homes sold per month in each state) but who knows how screwed up things are now that the home stimulus is fading out. The mortgage application number (above) is very disturbing.