In US land, this could be referred to as Turkey Week (Thanksgiving) for investors with a holiday shortened week.
Tomorrow, (Monday) the market gets news from the Association of home builders re: their November forecast and many anticipate the index number will hold at 18 - the same as October after 8 straight months of declines. Lordy, if come out below 18 .. oh boy, the market could get really ugly.
Tuesday out comes numbers for Housing starts and Building permits. Hard to visualize these numbers being upbeat .. BUT.. you guys know the Market .. sometimes it surprises.
Home improvement retailer Lowe's, Deere & Co., government lender Freddie Mac and DR Horton all come out with their earnings reports this short week.
Can you visualize anything positive coming from these?
Also, closely being watched by Wall Street will be ANY signs of a Hearty Holiday spending mood despite, home prices falling, tons of foreclosures, gas prices at near all-time highs complete with a $ 2 trillion lending crunch problem coming on-stream.
Sorry, but this is not what one could call a pleasant forecast.
Squeeze them ARU shares and hang on tightly.