According to Business Week, "Shares of major homebuilders mostly rose Monday after a trade group said sales of existing homes inched up in November as most economists expected.
"Sales of existing single-family homes, condominiums and townhouses rose 0.4 percent in November from October, to a seasonally adjusted annual rate of 5 million units, the National Association of Realtors said."
Of course it doesn't offset earlier losses, but it still is a positive. But if it ain't bleeding, it ain't leading.
On another note, Media Week notes that, "Bill Kristol will become a weekly columnist for The New York Times in 2008. Kristol, a prominent neo-conservative who recently departed Time in what was reported as a "mutual" decision, has close ties to the White House and is a well-known proponent of the war in Iraq. Kristol also is a regular contributor to Fox News' Special Report with Brit Hume."
Kristol is editor of The Weekly Standard
Hmmm. Maybe they're finally getting it? Naaaah.
I promise that's it.
Happy New Year
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