Housing Starts Best in 19 Months

After dropping 4.4% since December 7th, the market is rallying today. Part of the reason was a good housing report, and we haven’t seen much of those. The Commerce Department said that housing starts jumped 9.3% last month. That’s the biggest gain in 19 months.

The Dow is currently up 277 points. Treasuries are up, yields and the $VIX are down.

Jefferies ($JEF) had a very good earnings report which lifted the stock by 9%. That helped lift Leucadia ($LUK), which will be leaving our Buy List soon, to a 5% gain today.

Stayed tuned for Oracle’s ($ORCL) earnings which are due out after the close.

Posted by on December 20th, 2011 at 11:10 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.