Chart of The Day: "With a large majority of third-quarter earnings in the books (87% of S&P 500 companies have reported for Q3 2009), today's chart provides some long-term perspective to the current earnings environment by focusing on 12-month, as reported S&P 500 earnings. Today's chart ... Read more

An estimated 41,280 new and resale houses and condos were sold statewide last month. That was up 2.6 percent from 40,216 in September, and down 2.4 percent from 42,293 for October 2008. California sales for the month of October have varied from a low of 25,832 in 2007 to a peak of ... ... Read more

Nationwide survey found 12% of people responding plan to buy a home as an investment, twice the share (5.6%) expressing such interest in March. The survey by the online property listing service Move.com said the lure of lower prices and foreclosure bargains were chief reasons for the growing intere ... Read more

Mild Distribution As Nasdaq's Loss Comes On Higher Volume- The major averages closed lower after a series of mixed economic data was released. Volume, a critical component of institutional demand, was heavier than Tuesday's levels across the board which marked a distribution day for the Nasdaq C ... Read more

Clusterstock: We've seen this over and over again. "While Americans seem to recognize that there's been this thing called the housing crash, they don't believe it's happened to them, or at least a lot don't. Zillow : However, the third quarter of 2009 is a different story in both marke ... ... Read more

U.S. stock futures weaken with housing in focus - "S&P 500 futures fell 1.9 points to 1,104.40 and Nasdaq 100 futures fell 2 points to 1,801.50. Futures on the Dow Jones Industrial Average fell 12 points, after markets registered advances in nine of the last 11 sessions, with the housing mar ... Read more

( Via Clusterstock ) Some good insight from David P. Goldman : There is a pretty close inverse correlation between the 10-year yield and the S&P. What could account for this? NOT economic recovery, in which real interest rates rise. And not expectations of lower inflation–the spread bet ... Read more

MORNING MARKET COMMENTARY for Monday, November 16, 2009 Confirmed New Rally Producing Very Few Buy Candidates- The major averages confirmed a new rally attempt and ended higher for the week as investors digested the latest round of earnings and economic data. Volume, a critical component o ... Read more

Can Gold Supplant Commodities in Your Portfolio? Is Gold a six thousand year-old bubble? Martin Armstrong explains why the Gold Standard is Implausible Gold: Never below $1000 Again, Going to $5000? Not too late to cash in on gold! Silver as a Hidden Bull? Peak ... Read the full ... Read more

Chart of The Day: "The Dow made another record high Wednesday as it moved further above the 10,000 level. To provide some perspective to the current Dow rally that began back in March, all major market rallies of the last 109 years are plotted on today's chart. Each dot represents a major stock m ... Read more