It's always tough when good news gets followed up by a sinking market. This morning, investors were optimistic about a rise in home prices and strong consumer confidence numbers. But as the day wore on, that enthusiasm gave way to selling, as a speech from Philadelphia Federal Reserve President Charles Plosser that was critical of the QE3 program undermined the steadfast perception of the Fed's interventions earlier this month. In addition, a call from asset management giant BlackRock that the market rally had mostly played itself out weighed on sentiment. By the end of the day, the Dow Jones Industrials
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Fool contributor Dan Caplinger doesn't own shares of the companies mentioned in this article. You can follow him on Twitter, @DanCaplinger. The Motley Fool owns shares of Joy Global. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy.