Economics Update

October 27, 2009

• New housing starts rose .5% • Building permits down • Existing home sales up 4% • National Associate of Realtors

– Existing Home sales rose 9.4% in Sept.

• Average Weekly Hours were flat– Concerning

• White House

• Consumer Confidence Index– 47.7 – Down From 53.4

Recent Indicators

• Case Shiller Home Price Index- Down 11.32%– Better than Expected

• Initial Claims- Up 2.1%• Durable Goods- Tomorrow• GDP- Thursday• Personal Consumption Expenditures- Friday• Continue to look at Initial Claims

Recent Indicators

• Tech Stocks- Up .89%– PC Sales- Up 2%

• Health Care- Down 1.75%• Airline Stocks- Down 8.9%• Crude Oil Futures- Up 3.5%

Weekly Performance

Year To Date

S&P

Basic

Mat

erial

s Tec

h

Consu

mer

Ser

vices

Oil and

gas

Indu

stria

ls

Financ

ials

Consu

mer

Goo

ds

Health

care

Utilitie

s

Teleco

m

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%