Sponzischeme Sq.

The housing market in key regions across the United States has been cooling, something that we have covered extensively, especially when it comes to New York, Miami, and California. Any hopes that foreign buyers would continue to rush into the US tripping over themselves for an opportunity to park money in a "safe" real estate asset have been dashed according to a survey by the National Association of Realtors released Wednesday.

Was it ever in doubt? Oh just one thing... Earnings expectations have plunged over 6% since the last time The Dow was here.

Former Federal Reserve Chairman Alan Greenspan admitted in an interview with Sara Eisen that quantitative easing did what it was supposed to do, which was to inflate stock prices and drive multiple expansion. He was confused as to why things such as corporate earnings, capital spending, and productivity have declined given how much QE was pumped into the system.