U.S stocks meander along and the Investors are shaky!

The good news on the Housing front as regards the data of new homes sold for September was not all that great. If you were to take the data for just the month of September, the news is good, but if you were to combine the data with that of the august data, it is not good at all. The housing front is all set to push down the economy even further as the Durables goods ordered remained at a bleak low.
It seems that the Bears are here to stay for some time and it may take some courage on the part of the Feds who are meeting next week, to give this beleaguered economy some much needed firm direction.
The forex markets reacted the same way that the stocks did, positively as the data for the homes purchased was released and then negatively on the durables record. Now like the stocks the Dollar also needs direction. This kind of sideways movement on the part of the markets is not really doing much for the investors confidence and as such investors may not be all that forthcoming to invest in the future. That may well be the scenario until the Feds step in with some courageous decisions on their part. After all, if they want the Bull to come back, then they better be ready to show some red!

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