From The Business Insider, Feb. 26, 2010: Existing home sales plummeted to 5.05 million units in January compared to 5.44 million in December.This is solidly below the 5.5 million units that economists had been expecting.
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Money manager Neil Hennessy says a new bull market is emerging from our nascent recovery. (Click here for his first discussion with Aaron on his macro view.)So what now for investors? Think dividends, says Hennessy, chief investment officer for
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Neil Hennessy is a fund manager with a bullish bent. Robert Prechter is a veteran market watcher with a decidedly dour outlook.The two pundits are opposed on just about everything, but agree on one thing: There’s a lot of risk in fixed-income.Echoing
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If “it’s different this time” are the most dangerous words on Wall Street, “I don’t know?” are probably the ones most rarely heard. There’s no shortage of hubris and declarative statements on Wall Street, especially among the pundits a
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After a year of “reflation” in the economy and financial markets, the tide seems to be turning on the whole inflation vs. deflation debate.Recent data on U.S. durable goods, consumer confidence and new homes sales, along with uncertainty over Eu
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After the extraordinary market collapse and recovery in the past two years, we had a few months of calm. But now, with the market alternately plunging and soaring, volatility has returned. …
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With the notable exception of Wal-Mart, the past week has brought a string of stronger-than-expected fourth-quarter results from major retailers. Stores such as Saks, Target, Sears, TJX and Macy’s reported sharp year-over-year profit increases. The result
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In his semi-annual monetary report to Congress Wednesday, Federal Reserve Chairman Ben Bernanke reiterated the Fed’s plans to keep interest rates low “for an extended period.”
Investors responded by buying stocks: the Dow rose 0.9% Wednesday
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