Billionaire Boys Club Member Forum (BBCMF)

[mick]

Equities remain on the defensive as all ten economic sectors trade in negative territory. Hardest hit has been has been Consumer Discretionary as Toll Brothers' (TOL 34.63 -4.78) reduced FY06 deliveries guidance weighs heavily on homebuilding (i.e. PHM, CTX, KBH) and investors lock in some of retail's 8.0% surge over the last three weeks. Profit-taking in brokerage, just three days removed from hitting an all-time high, and Freddie Mac's (FRE 60.08 -1.16) $220 mln profit reduction for the first half of 2005, has weighed on Financial while Technology's more than 7.0% surge since mid October has also prompted consolidation efforts.DJTA -0.9, DJUA -0.6, DOT -0.6, Nasdaq 100 -0.3, Russell 2000 -0.6, SOX -1.0, S&P Midcap 400 -1.0, XOI -0.6, NYSE Adv/Dec 602/1698, Nasdaq Adv/Dec 738/1674