The day ahead: Friday

November 19, 2009

D.R. Horton, the second-largest U.S. homebuilder, reports its fourth quarter and fiscal year results. Investors will listen for any comments on the builder’s order trends and commentary as they try to discern whether the nascent housing market recovery will buoy the new home sector.

Other Highlights:

*  Nortel assets hit the auction block. Nokia Siemens Networks and private equity firm One Equity Partners have jointly bid for Nortel Networks Corp’s optical networking and carrier ethernet business, a person familiar with the sale said on Wednesday.

*  The Bank of Japan announces the decision of its two-day policy board meeting.

Comments

Here in the Northeast, Western Mass builders are mostly independent and small like me. We don’t get on the statistical roles. No Unemployment compensation, no 1099 offers, and few clients sponsoring work. Everyone wants a “free Estimate” yet it can take me 4-6 hours of unpaid time just to compete on a bathroom remodel bid, because they are mostly customized.No support, no dignity, little respect, and the bills for quarterly presumed earnings keep coming from my government under threat of penalty and exorbitant interest if they remain unpaid. Would you pay something you didn’t earn, just because Uncle Sam Thinks you should have?ESF

 

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