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Wall Street Roundup: Dissension at the Fed. 'Hindenburg Omen' returns

August 24, 2010 |  8:11 am

Housing market's bad surprise. Sales of U.S. existing homes dropped sharply, breaking records for slow growth that were set more than a decade ago.

Dissension at the Fed. The Federal Reserve's most recent moves to help the economy are being made despite reservations among some Fed policymakers, reflecting the confusion about how to deal with the current economic situation, the Wall Street Journal reports.

Reason behind rise in M&A's. The current spate of mergers and acquisitions may not be a sign of improving economic conditions, but instead may just be a result of companies looking for a way to spend excess cash without hiring, Andrew Ross Sorkin writes.

Ominous forecast. The "Hindenburg Omen," an obscure market indicator used to predict stock crashes that Tom Petruno wrote about earlier this month, has returned. The omen's creator is clearing out of the stock market.

-- Nathaniel Popper