The news is very soft and porous surrounding investor sentiment. The troubling weakness of the recovery pervades the tone of the investment journalists.
I just read an article explaining that purchasing a home is now regarded as a bad investment. How about that. I can't recall ever reading articles attempting to sway people away from buying a house. This writer was even calling for the removal of the mortgage interest tax deduction. Now that's a little harsh.
Up is the new down and vice versa.
CNN: Stocks headed for a weak start
Housing will take center stage after the market opens, when the National Association of Realtors reports on sales of existing homes.
Oil futures for October delivery fell 95 cents to $72.15 a barrel.
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