Stocks began the day with slight losses as Dell projected lower earnings than expected and news from Europe showed lackluster economic activity. Existing home sales rose but traders were still taking profits and consolidating posiitions after the recent run up to the 13,000 level. With fixed income products like Treasuries and MNS bonds back on track, it will be interesting to see if stocks can continue their advance. Some speculators are calling for the Dow to hit 14,500 by year end. That would be nice but we will have to see.
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