House Prices & to Buy Penny Stocks

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House prices in U.S. fall to the lowest level since 2002 while U.S. consumer confidence fall too. House prices are low in the first quarter in 2011. With consumer confidence, this will hint us that economy will continue to down and stocks are down either. Since the housing bubble burst in late of year 2006, the home-price index reached to the lowest points.

Standard & Poor's Case-Shiller national home price index of 20 metropolitan areas drop during March declined by 4.2% in the first quarter of 2011 (fell 3.6% in the 4th quarter of year 2010) and fell for 8 months in a row.

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Economic Growth & to Buy Penny Stocks

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The U.S. Commerce Department said that the U.S. overall economy or GDP result that only grew at 1.8% in the first quarter of this year (January-March) that less than forecast (2.2%).

The main reasons are surging gasoline prices that reached $4/gallon and sharp cutbacks in polity spending caused the economy to grow a little.

However, economists hope the economy will be better in next quarter.

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Euro Zone Debt Crisis 2 & to Buy Penny Stocks

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From the news before that investors still follow situation about EU debt crisis & buying penny stocks. We will follow about this topic continuously. With financial situation in European countries, stock market makes a hit on 23th May 2011. Investors are worried Italy will meet the same situation as Greece, Ireland and Portugal soon. Plus the oil prices were up.

Oil prices were up almost $2 to $99.59/barrel thanks to Goldman Sachs and Morgan Stanley raised their forecasts for Brent crude oil prices by analysing in global demand. Goldman said oil prices will up to