Another Big Miss: Existing Home Sales Down 7.2% in January

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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Back to the Future: Dividends Will Spur New Bull Market, Money Manager Says

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: The Economy’s in “Very Good Shape,” Buy Stocks for the Long Run!

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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Govt. Interference Makes It “Almost Impossible” to Forecast Stocks, Strategist Admits

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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Why Bob Prechter Is Wrong on Deflation: Ben Bernanke “Wants Inflation”

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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Markets Freaking Out Again — So It’s a Great Time to Stay Diversified

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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Something’s Gotta Give: Rising Retail Profits Meet Falling Consumer Confidence

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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Barry Ritholtz: Still Bullish After All These Gains

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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