Let's face it, the economic news has not been good. Things are at best tepid. And that's being kind. Each day brings more cause for concern. Here's the latest:
- New orders for U.S. manufactured goods fell in January by the most in three years as demand fell across the board from machinery to aircraft, suggesting the economy started the year on weaker footing than expected.
- Home prices fell in December for a fourth straight month in most major U.S. cities. Prices fell in 19 of the 20 cities in December compared to the same month in 2010. David M. Blitzer, chairman of the S&P's index committee says "If anything, it looks like we might have reentered a period of decline as we begin 2012."