July Existing Home Sales missed the mark, falling by 3.5% month-over-month nationwide. Many point the finger at the west, where the decrease in conforming loan limits from $729,000 to $625,000 caused a tangible impact on their ability to get homes financed. Leave it to those starlets in California to screw it up for everyone.
Stocks are enjoying a tall glass of HOLY HELL ITS ARMAGEDDON IN EUROPE today, plunging over 400 points at the time of writing. I expect a relief rally coming in the next couple of business days, but the protracted volatility in equities is making for a noteworthy downward trend. Of course, pundits everywhere are trying to draw a correlation between Obama’s vacation and this stock madness.
And I think that the GOP is grooming so many presidential candidates in order to create some sort of super-robot-candidate a la Voltron. I gotta say, a building-sized machine housing all of the conservative ideals in one spot WOULD be an interesting contender in 2012. We’ll see.
No comments:
Post a Comment