WALL STREET HAS BEEN QUITE STABLE OF LATE ... FORGING QUIETLY AHEAD IN TODAY'S TRADING WITH THE S&P NOW UP 10 OF THE LAST 11 SESSIONS AND THE DOW FLIRTING WITH 10,600. THE NASDAQ CONTINUED TO MOVE FORWARD AS TECH STOCKS ... ALONG WITH FINANCIALS ... OUTPERFORMED THE OVERALL MARKET. THE MARKET SHRUGGED OFF WORD THAT HEALTHCARE REFORM MAY BE CLOSER TO PASSAGE ... AS TOP HOUSE AND SENATE LEADERS CRAFTED A PLAN TO GET THE BILL APPROVED.
FINANCIAL MARKET REFORM LEGISLATION ... MEANWHILE WILL BE
INTRODUCED BY SENATOR CHRIS DODD ON MONDAY ... WITHOUT REPUBLICAN SUPPORT ... SOME SAY THAT LIMITS THE LIKELIHOOD OF SUCCESS.
HOME FORECLOSURES GREAT AT THE SLOWEST PACE IN FOUR YEARS IN FEBRUARY WHILE WEEKLY JOBLESS CLAIMS DECLINED AND THE TRADE DEFICIT SHRANK. AND CARLOS SLIM ... THE RICHEST MAN IN MEXICO ... WHO HAS A TELECOM AND MEDIA EMPIRE ... UNSEATED BILL GATES AND WARREN BUFFETT AS THE WORLD'S RICHEST MAN ... WORTH IN EXCESS OF 50 BILLION DOLLARS. HOUSEHOLD NET WORTH IN THE U.S... MEANWHILE ... ROSE FOR THE THIRD STRAIGHT QUARTER AS STOCK PRICES REBOUNDED AND REAL ESTATE STABILIZED. CONSUMERS PAID DOWN DEBT ... WHICH HELPED AS WELL. THAT SHOULD SUPPORT ECONOMIC GROWTH IN THE MONTHS AHEAD. |
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