The latest data from Zillow indicate that American homes will have lost more value by the end of this year than they did in 2009 – down a total of $1.7 trillion in 2010 vs. a $1 trillion decline a year ago. Richard Florida produced a helpful chart of the 2010 decline by region (click to enlarge), showing how uneven the fall was this year – four regional areas were actually up:
The tactical USD view moved from neutral to negative as a dovish Fed pivot pressured the currency. Softer labor data and rising expectations of a December rate cut halted the earlier USD recovery and kept it rangebound.
MainStreet.com asked investing pros whether the Dow can hit 19,000 this year.
GE slashes dividend and unveils a restructuring plan
Sentiment regarding purchasing conditions and inflation worsened
