U.S. stocks were down at midday on escalated fears this morning of a meltdown at Japan's Fukushima Daiichi nuclear plant. On the domestic front, investors focused several economic reports.
U.S. housing starts tanked in February, the largest monthly decrease since 1984. New-home construction dropped by 22.5% compared with January's revised monthly gain of 18.4%. A 46.1% decrease in multi-family-home construction led the decline, while single-family-home construction dropped 11.8%. Building permits, which are an indicator of future construction, also fell 8.2%, and the overall results were much lower than the expected decrease of on ly 4.4%.
The Commerce Department reported that the current account deficit decreased to $113.3 billion in the fourth quarter. The current reading accounts for 3.1% of gross domestic product, and it is significantly lower than the 6.5% high in 2005. However, the deficit has been gradually widening since 2009.
The U.S. producer price index increased 1.6%, seasonally adjusted, which is its largest gain since June 2009. Energy and food prices led the increase, which also beat expectations by 1 percentage point. Core prices, however, only increased by 0.2%, and this is a sign that inflationary pressures are currently low.
( Everything looks bad, became worse)
But please buy at any time around Thursday and Friday. In your mind, it should just have one word : buy.
if it have two words, it should be buy slow.
won’t sell a penny from now.
when will be the end of this drop? it can last a month or two. but almost here is the bottom, it can be lower, but time to buy slow slowly.
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