Ovetii report Stocks Mixed After New Home Sales Rise

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) December 23, 2007 -- Ovetii sources revealed that Ovetii analysts showed interest in reports that the Commerce Department had stated sales of new homes rose 4.8 percent in September from August's levels, a pleasant surprise for a market that had predicted a decline.

Apparently Ovetii spokespersons commented that the data was reassuring after August's decline, and the drop in existing home sales that sent stocks tumbling recently.

Though stocks stayed afloat, trading remained shaky. The government's earlier report on orders of big-ticket items was troubling, showing a troubling drop in September. The reading was worse than the uptick economists had anticipated following August's drop.

However, despite the unexpected rise in new home sales, Ovetii analysts apparently maintain that the housing outlook remains grim.

An Ovetii spokesman commented that investors appeared unsure both about the direction of the economy and how much the Federal Reserve will be compelled to lower interest rates to boost spending.

Ovetii