“Ostensibly helping the market to recover from today’s lows was the January pending home sales report which showed a gain of 2% when a 1% advance was expected…meanwhile crude oil is actually having the nerve to stay lower even as stocks advanced…and the bond market is having no part of the stock advance with yields declining to 1.93% for the 10-year note…”  

Click here to read the 2-27-12 Daily market notes from Donald Selkin