Indexes finished off their best week of 2014 with another solid gain despite quite overbought conditions. The S&P 500 lurched forward 0.71% and the NASDAQ 0.69%. We are now up 5% since St Louis Fed President James Bullard said the Fed should consider delaying the end of quantitative easing on October 16th. Earnings continue to be the focus of the market, but we did have a new housing number today. A report from the Commerce Department had new-home sales rising 0.2% to a six-year high in September, while the pace of August sales was revised sharply lower.Continue reading
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