The DOW dropped 80 and the S&P 8. The DOW at one point was even up a tad, we couldn't levitate it over and no body English would do the trick to keep it up.
Nobody is buying the supply of houses. This is of course a state by state, area by area problem. Averaging the whole deal out, the numbers look anemic. Las Vegas has taken the lead over Detroit as the country's most empty, as in empty buildings, city. Think about that, Detroit, its a ghost town.
One little complaint - we are sick of this headline ending tag - "falls on economic woes"
Reuters: Wall Street falls on economic woes
Sales of previously owned U.S. homes plunged much more than expected January...
No comments:
Post a Comment