TPC

• Housing numbers still negative - case shiller 20 city is -2.38% yoy (-2.4% expected)
• Oil is up 8% on Libya unrest...market also selling off about 2% - fear is that turmoil will spread to Saudi Arabia and Iran. Oil current price is $94, breaking point for US is $120 (Merrill Lynch)
  
• Copper is down almost 3.5%, it has not moved for the last month while equities have been rallying. Usually copper is forward looking

ADash

• Still positive because of 'market drum beat' (eps moving higher, upward eps revisions)
• Good - ECRI still improving, St. Louis Fed Stress still improving (it's even slightly negative now!), Philly Fed had a big jump (small improvement was meaningless), Rail Traffic was good for industrial production,
  
• Bad - Existing home sales were overstated by about 15%, retail sales were a big disappointment, initial claims were up
• Week ahead
  • energy prices!
  • interest rates
  • case-shiller if its mildly positive, that would be good since bad expectations are built into market. number came in as expected so there was no effect