Tuesday, June 19, 2012

Economic Journal - Tuesday, 6/19/2012

(As of 8:05 am pacific)

Housing starts jumped significantly although sales were down.  Gold is down slightly, oil up slightly and interest rates are down slightly.   It looks like a positive day today as positive economic reports trump Spanish yield worries.  Greece is stabilizing.  Microsoft introduced a new tablet to rival Apple’s Ipad.  Profit reports were mixed, with FedEx and Discovery down and Oracle beating estimates handily.   The dollar is down against all other currencies.