(1) Same old, same old. (2) Dow Theory warning. (3) So why are Railroads in record high territory? (4) Fundamental Stock Market Indicator still bearish. (5) Consumer confidence still as fragile as labor market. (6) Home prices rising. (7) Ben’s speech won’t be as good as Ann’s was last night. (8) FRBNY says excess reserves have nothing to do with bank lending. (9) Lowering the rate on bank reserves is a very bad idea.
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