Dow Dodges Housing Woes to Advance

Eurozone woes reappeared this morning as the Portuguese Parliament failed to pass the austerity measure designed to bring their debt closer to a manageable level.  That and a poor report on new housing sales set stock off to a poor start.  As the Fed continued its QE2 program, however, money flowed out of bonds into stocks.  So despite the biggest drop in housing sales since the 60s and another drop in the median price of a homes, the Dow managed a 67 point gain.