Wednesday, August 23, 2006

Wednesday After Hours Review

The market ended the day lower with less volume after the Housing data. Sales of existing homes were down 4.1%, and this concern has caused investors to worry about a slowdown in the economy. House appreciations has been the major factor to support the US economy after the crash year of 2000. What could happen if the house value can not appreciated further? People will come back to the market? Or they want safe investments, such as CDs, and treasury?

Tomorrow's Expected Earnings
Company (Symbol) Expected Last Year
Deb Shops (DEBS) -- $0.46
Fred's (FRED) $0.09 $0.09
Williams-Sonoma (WSM) $0.24 $0.26

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