Stocks opened mixed this
morning after yesterday’s surge.
Inflation numbers looked very tame and the other significant report of
the day was the Homebuilders’ Confidence Index, which hit its highest point in
4 months. With the imminent reduction in
Government Bond purchases (the taper), it is hard to see the markets rallying
much from this point. Positive action in
the form of dividend increase and plans for more corporate buybacks are adding
strength. Boeing was the latest company
to raise their dividend and add to its stock buyback program. Gold is down slightly after several up days,
but it still is near its lowest point in months. Oil is up, mostly on international
concerns. Expect a quiet day today.
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