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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