Markets got their boost when it became obvious that FED chairman Mr. Ben Bernanke will be conformed for the second term. The trading feels anemic, but I think that we will not see a sequel to Friday action in the next days. VIX is down, equity up, treasuries down. Greece, contrary to my views will […]

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Existing home sales fell 16.7% in December. Chart 1. Existing Home Sales

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Big names reporting this week, but I suspect that the earnings won’t be in focus, at least in the first couple days of the week. Important U.S. earnings this week: Monday: Apple (AAPL), Amgen (AMGN), Halliburton (HAL), Texas Instruments (TXN) Tuesday: Corning (GLW), EMC (EMC), Verizon Communications (VZ), Johnson & Johnson (JNJ), EI DuPont de […]

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