"Market Recap: Stocks End Mixed as Pre-Fed Anxiety Grips Wall Street" from thestreet.com email blast.
I wish it was that simple, that FED action will save the day. SEE above chart for "JUMP" in new home sales.
Our problems, of over indebtedness, living beyond our means and greedy people helping to cause the worst financial crisis since Great Depression, promising what can't be delivered in services, loss of manufacturing base, it's going to take A LONG time to get back to the mean.
Interest rates are already SO LOW, it is causing wild imbalances and unintended consequences....addt'l QE will add fuel to fire.....NO ONE expects FED to dissapoint....an they KNOW THAT.
NO amount of paper printing will solve the issues, nor sell the homes....I read home sales SLOWED because "30 yr mortgages rose from 4.5% to 4.75% "???? really?
Too many unknowns, too few jobs being created, earnings increases partly from stock repurchases....and "HORDE OF CASH" biz has.....ask why is it staying there...
D
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