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Market Overview

Stocks Rebound: Controlled Openings and Closings

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First let's look at today's excuses for why the stock markets are faltering, why volume is so low, and why there is so much uncertainty...which makes me wonder... Is the stock marekt preparing to 'CLIMB A WALL OF PROVERBIAL WORRY'? I noticed that the Associated Press was spinning the news with a certain slant, although very much the way they perceive it: NEW YORK (AP) -- Stocks clung to a tight range Thursday after an unexpected drop in pending home sales raised new concern about the economy. Major indexes were little changed in afternoon trading following the National Association of Realtors' report that its index of home sales agreements fell 7.6 percent in January from December. Contracts fell to the lowest level since April. The drop in the number of buyers of previously occupied homes...

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