Wed March 28 was a tough day for home builders like Lennar.. We study accounting to learn how to judge the financial well being of companies. I have been discussing the weakness of the home building sector and the sub prime lenders. Now the stock market is down for another week after the 8% one day drop in China. Bond yields are up, not down as many thought, why? Do you think the US dollar will go up or down as a result? Why would the currency change or interest rates go up as a result of what is happening to homebuilders? This is why we have a curriculum combining economics with accounting and finance. I think and you will see me discuss in class the use of technical analysis, the use of chart patterns, to pull al this information together as the market does to try and make future predictions.
So where do you see the Dow Jones at summer end?
DLE
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