02/16/12
Marketplace Index for Thursday, February 16, 2012
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Episode Description:
Today's teachable moment: stock prices tend to go up when the economy seems more secure. Claims for U.S. jobless benefits unexpectedly fell to a four-year low last week. Experts see that pointing to slightly better times in America. Stephen Wood, the chief market strategist at Russell Investment Group, says it's now a case of two economies -- Europe and the U.S. And the Daily Pulse is down today on this realization: no matter how you spin it, the housing market in America is still broken. The National Association of Home Builders/Wells Fargo Housing Opportunity Index was at its highest point in 20 years today. So what?
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A tale of two economies
As the U.S. economy improves measurably, Europe slips into crisis mode.
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Opportunity index hits record high
Regardless of positive spin, the housing picture in the U.S. is less than rosy.
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