Archive for July 8th, 2010

Nearly 40% of Florida Home Sales are Foreclosures

| July 8, 2010

RealtyTrac reported that nearly 40% of all home purchases in the state of Florida were foreclosures during the first half of 2010. “Forty percent is a significant number,” said Michael Sichenzia, president of Dynamic Consulting Enterprises in Deerfield Beach. “When you look at where it should be, it’s a terrifying number in the short term […]

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The Labor Market Remains Extremely Tight

| July 8, 2010

The Association of Graduate Recruiters reported that a poll of 200 firms found that companies are receiving an average of nearly 70 applications for every job opening, the highest number on record. Additionally, the number of open positions is projected to fall by 7%. The jobless recovery marches on, and some analysts, such as PIMCO’s […]

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Short-term Forecast for July 8, 2010

| July 8, 2010

Stock Chart Analysis Synopsis: The S&P 500 index closed moderately higher today, reconfirming the short-term oversold reaction from the beginning of the week. Technical Analysis: Technical indicators are slightly bullish as price action moves higher in the lower Bollinger band, money flow moves up into positive territory, MACD momentum reacts off of recent lows in […]

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