Federal Reserve Fails to Inspire a Rally but Stocks Finish Off the Lows

June 24, 2010

While the Federal Reserve Open Market Committee’s statement dominate the afternoon headlines the drop in New Home Sales grabbed the morning headlines. Most economists were looking for a drop of 18.7%, but when the number released the percentage drop was 33%. Without government help the housing market is showing its true colors, it remains weak. [...]

Posted by MarketSpeculator | Filed Under Market Commentary