Wednesday, October 24, 2007

Your 401(k)

Is gonna be a little woozy today. Those who claim to know were expecting it to fall 4.5%. Anyone who took the over is looking pretty sweet. AP (10.24.07):
"Sales of existing homes plunged by a record amount in September as turmoil in mortgage markets added more problems to a housing industry in its worst slump in 16 years.

The National Association of Realtors reported Wednesday that sales of existing homes fell 8 percent in September, the largest decline to show up in records dating to 1999."

Home Sales Plunge by 8 Percent

"The seasonally adjusted annual sales rate of 5.04 million existing homes was also the slowest pace on record."



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