Daily Market Commentary for January 26, 2009 from Millennium-Traders.Com
Laugh of the Day: Citigroup is proceeding with the purchase of a M Dassault Falcon 7X corporate Jet even after receiving TARP funds. (read more)
Economic data released today:
Existing Home Sales:
U.S. December Existing Home Sales rose 6.5% to 4.74 Million rate; U.S. December Existing Home Sales consensus 4.40 Million Rate; U.S. Inventory Of Unsold US Homes at 9.3 Months Supply; U.S. December Median Existing Home Price fell 15.3% on the year to 5,400.
U.S. Conference Board December Leading Index rose by 0.3%; U.S. Conference Board December Coincident Index fell by 0.5%; U.S. Conference Board December Lagging Index fell by 0.4%.