Monday, March 23, 2009

Existing home starts better than expectation

Existing home sales rose 5.1%, higher than the expected 0.8% decrease.

Stocks are rallying this morning (DOW up 150 points) as the US Government plans to unveil details of a new government entity to clear $1 trillion in securities and loans from bank balance sheets. Details will be released later today.

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Thank you for your remarks. I will review your submission and post it accordingly. Dave.