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strbear

Dow Jones Down On String Of Bad News

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The retail sector was also in focus and a bearish tone in trading was set by Sears’ second-quarter guidance that was below estimates, due to lower sales of appliances.
The bearish news on housing was underscored when DR Horton, the largest US home builder, said orders for new homes fell 40 per cent during its fiscal third quarter.
Worries over banks’ potential exposure to the mortgage market and a possible credit crunch flared anew on Tuesday.

Enjoy the full article at

http://www.ft.com/cms/s/a4a0cdbe-2e5e-11dc...00779fd2ac.html

SB

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Bad news for us - it hasn't gone by much at all relative to recent rises, and it's taken bond yields with it as confidence falls - all the way back down to 5.04 having been up at 5.16 earlier this week.

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