S&P +0.39%. Market was boosted by the news that $MSFT CEO Steve Ballmer would retire within 12 months and slightly dovish statements overall from Fed presidents at Jackson Hole.
Fed Lockhart supportive of September QE taper as long as data ok, Fed Bullard wants to be “very deliberate” in decision making meaning he doesn’t want to move on taper early. Fed John Williams wants to stick with Bernanke’s time-line plan and taper as long as data follows their expectations
New home sales 394K vs. 487K est. Prior revised to 455K from 497K
Mr. "Buy anything with a symbol" @Ralph_Acampora is now bearish -> "never fight papa Dow" "something is wrong" "target 12,000"