Hennessy's View

Don’t Blink (you’ll miss the recovery)

The stock market reacted mildly to some devastating economic news today. In fact, the stock market appears to be in denial about the state of America’s economy. Existing home sales fell in May. As of this morning, economists expected a six percent increase. Economists expect new home sales to be worse than existing home sales. And economists expected home sales to fall off the table in July and for the remainder of 2010. Read more →