The Nation's Housing Problems & The Stock Market

Today's market activity is an interesting story: Existing home sales plunged 8% for the past month, the lowest on record in a one-month period. This sent the stock market down 13%, or about 170 points. But guess what happened by the close of business bell? The market had rebounded to its opening bell position. That's a strong signal that our nation's economy is much stronger than many of the doom-and-gloomers would have us believe it is. Many who remember, say the current problems in th housing market have strong echos of the S&L bailout of 1990 - 1991. Jim Cramer, of Bloggingstocks.com, provides an excellent analysis of the market from an economic standpoint, and a view as to why we as a nation are actually in better shape in today's market than we were 17 years ago. Read on - Jean Click here for whole story...