Peebles' Pulse on Real Estate 2.23.10
Airtime: Tues. Feb. 23 2010 | ET
Don Peebles, chairman and CEO of the Peebles Corporation, discusses the real estate market and his new ventures with CNBC.
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Looking at the market, since Monday’s follow-through day, the market and a batch of leading stocks, steadily rallied which is a healthy sign. The fact that we have not seen any serious distribution days show up since Monday’s FTD bodes well for this nascent rally. It is also a welcome sign to see the market continue to improve as investors digest the latest round of stronger than expected economic and earnings data. Remember that now that a new rally has been confirmed, the window is open to start buying high quality breakouts. Trade accordingly.