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Recent Posts
- U.S. New Home Sales +3.3% in April 2012
- U.S. Purchase Mortgage Applications Lose Momentum (-3.0%) in Week Ended May 18, 2012
- U.S. Existing Home Sales +3.4% in April 2012, Prices Rise: NAR
- U.S. Economic Activity Perked Up in April 2012: Chicago Fed Survey
- U.S. High-Yield Default Rate Expected to Top 2% in May 2012, Highest Since October 2010: Fitch
- U.S. Initial Jobless Claims at 370,000 in Week Ended May 12, 2012
- U.S. Federal Open Market Committee Minutes from April 2012 Meeting Released
- U.S. Industrial Production +1.1% in April 2012, March Revised Lower
- Purchase Mortgage Applications Down 2.4% in Week Ended May 11, 2012: MBA
- U.S. Building Permits Plunge 7.0%, Housing Starts +2.6% in April 2012
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Authors and Contributors
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Gregg D. Killoren
- U.S. New Home Sales +3.3% in April 2012
- U.S. Purchase Mortgage Applications Lose Momentum (-3.0%) in Week Ended May 18, 2012
- U.S. Existing Home Sales +3.4% in April 2012, Prices Rise: NAR
- U.S. Economic Activity Perked Up in April 2012: Chicago Fed Survey
- U.S. High-Yield Default Rate Expected to Top 2% in May 2012, Highest Since October 2010: Fitch
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victoria1014
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- Watch video at Vodpod.
Happy Thanksgiving
I’ll save the dour economic news for another day. We have enjoyed a nice rally in the stock market this week, the S&P 500 is up 18 percent from its low on November 20. That’s a quick bounce, but then again this market has not wasted time moving up or down when the momentum gets going. What used to be counted in months now happens in mere days, and sometimes hours.
It has been a brutal year for investing, but I see Thanksgiving as a good time to forgive ourselves and others for the damage that has been done and mistakes that have been made, be thankful for what we still have, and vow to be smarter going forward. And I vow to be here to help.
I wish you and your family (even if it only extends to something furry) a warm and happy Thanksgiving.
-Gregg
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