March 27, 2012
Tuesday's news was mixed and didn't help stocks which ran into profit taking with the Dow down 0.3 percent to 13,197. Case-Shiller data show some improvement for home prices which however remain very weak. Consumer confidence, which gained early this year, is now slipping but only slightly and still, in the larger picture, remains on the uptrend. Bargain hunting helped Treasuries where the 10-year yield is down a sizable seven basis points to 2.18 percent. Oil and gold are steady, at $107 and $1,660.