Video Of The Day – CNBC: Oil’s Market Muscle
Discussing the rising price of oil and its impact on the markets with David Lutz of Stifel Nicolaus, Mohamed El-Erian of PIMCO and Saud Masud of the SM Advisory Group.
Archive for February 23rd, 2011
U.S. Existing Homes Sales Rose 2.7% In January
Sales of existing homes in U.S. rose 2.7% to 5.36 million units SAAR. Consensus was at 5.22 million.
Morning Reading – Wednesday, February 23, 2011
*** FT Alphaville: The third dissenter ***
*** Business Insider: Merrill: Here’s When Surging Oil Starts To Break The Global Economy ***
*** Infectious Greed: Japan’s Phillips Curve Looks Like Japan ***
*** The Reformed Broker: Inequality Illustrated ***
*** JESSE’S CAFÉ AMÉRICAIN: Gold Daily and Silver Weekly Charts – Empire Strikes Back ***
*** JESSE’S CAFÉ AMÉRICAIN: SP 500 and NDX March Futures Daily Charts ***
MBA Mortgage Applications Rose 13.2%
MBA mortgage applications rose 13.2%; Prior reading was a decrease of 9.5%; On year level MBA Basic Index is down 13.4%.