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KneeJerk reaction turns into Full Blown "Panic Selling" as Financials lead the way down

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February 25, 2010 – Comments (0)

Financials hurt by Home Price Index because if homes are still falling then people will not step up and buy this Spring.

December Home Price Index -1.6% vs +0.4% consensus

 

and the jobs market is not helping either:

Initial Claims 496K vs 460K consensus, prior revised to 474K from 473K

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