After opening higher this morning, the market finally showed some fallibility in 2012, giving back those overnight gains and heading sharply lower. Many are pointing to a very disappointing new home sales figure as the catalyst for the sell-off, but in truth the market had reached overbought levels and needed a pull-in. While economic data has steadily improved, the debt crises in Europe remain…
View the full post at http://blog.t3live.com
