To help avoid traps, we’re highlighting stocks that appear to be cheap and getting cheaper based on declining P/Es but are actually expensive and getting more expensive.
Initial Jobless Claims came in at 351,000 flirting with breaking below the recessionary threshold of 350,000 for several weeks in a row now. Personal Income for January came in weaker than
On Tuesday Greece received a commitment to a $170 billion bailout but stocks slipped on the news. Dow Futures were up 72 points on Monday with NASDAQ Futures up 10.5 points, but these levels were
Mortgage applications tumbled 8.4% as purchase demand declines. NY Fed Empire manufacturing survey rose to 19.53 in February. Industrial production was weaker than expected in January with a flat
Retail Sales rose by a less than expected 0.4% in January. Ex-autos the gain was 0.7%. Import Prices rose 0.3% in January. Business Inventories rose by 0.4% in December. The Dow Jones Industrial
