Stocks are in mixed after yesterday’s mixed session. A lack of significant data on today’s schedule implies trading could be light, but headlines should be active as former Federal Reserve chief Alan Greenspan prepares to deliver a 48-page paper entitled "The Crisis" to the Brookings Institution in Washington. According to the Financial Times, Greenspan will take issue with claims that the Fed’s interest rate slashing early in the decade caused the US housing bubble. While he will concede "that regulators underestimated the scale of the asset price bubble . . . he attributes the failing, among others, to overseas regulators, the US credit rating agencies, financial houses and mainstream economics," the FT reported. One hour before the opening bell, Dow...(read more)

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