The U.S. dollar rose on Wednesday as news that China would act to restrict redundant investments underscored concerns about a global recovery and tempered the positive impact of data showing a jump in new U.S. home sales.
Fed sees the bright side… Bernanke says worst it over, inflation not a worry… Warren Buffett can’t see any green shoots… even after eye surgery… Alan Knuckman on how to survive a sideways stock market… Byron King says now’s a good time to book profits on this sector… Housing still out of whack… one chart foreshadows the market’s next move…
Job Claims Hit 42-Year High; Dodd’s Vengeance; Durable Goods Orders Slowing Slide; 3Com Profit Down but Stock Up; Amazon Profit Up 9%; Crude Prices Down as Inventories Build; Kodak Paints Unflattering Picture