16 Jun 2011, 08:53 AM EDT
Posted on the PowerShares QQQ Trust Board (NASDAQ: QQQ)
Hi friends, well nice housing data think the sector should stabilize before start to ride again, not by Americans but foreign investments have grown in April and May, signaling some interest in US Dollar Assets.
Also others US economic indicators are sending good signals at least for some kind of stabilization.
Compared with today´s horrible economic data (once over again / Month over Month) from UK (now social and state related workers are going on strike) and EU, specially in PPI and retail sales (which plunged in many key UK cities including London) I´ll continue to insist: the US Dollar (the biggest currency of the powerful Country in the world) is too undervalued compared with the "Euro invent".
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