A TALE OF TWO ECONOMIES – AT 6:32 P.M. ET:  There is the Wall Street economy, and then there's the real economy, and they are not meeting, which is dangerous:

From CNBC:

The Dow Jones Industrial Average rose 8.25 points, or 0.07 percent, to close at 11,985.44, ending below the psychologically important 12,000 level after rising as high as 12,020.52 during the session. It was still the highest close for the Dow since June 19, 2008, which was the last day the Dow closed above the benchmark.

And...

WASHINGTON (AP) -- Buyers purchased the fewest number of new homes last year on records going back 47 years.

Sales for all of 2010 totaled 321,000, a drop of 14.4 percent from the 375,000 homes sold in 2009, the Commerce Department said Wednesday. It was the fifth consecutive year that sales have declined after hitting record highs for the five previous years when the housing market was booming.

COMMENT:  Gee, I thought Democratic administrations helped the average guy.  Did I miss something?  And wasn't Obama the man of the people?  Did I miss something there, too?

I'd better read between the lines.

January 26, 2011