Markets are pulling back a little to digest recent gains. Dow is down 59, decliners ahead of advancers marginally & NAZ is essentially even (money is flowing back into techs).
US home prices dropped more than 11% in Jan, largest decline since data was first collected 20 years ago. Oil, after a few rough, days is up to 101. Markets blame this on the weak dollar. The FED auctioned off $50B aimed at providing aid in the credit crisis. They have provided $260B in recent days. By now FED moves are becoming routine, not influencing the markets. Bank of America (BAC), a Dow stock, is down 1.45 on a negative analyst recommendation. Stock markets are overbought & may need more time to absorb recent gains.
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