[rohry]

Market WrapUp is delivered...

[Always Right]

Sky is falling, bubble-heads ping...............

[Always Right]

[$8 trillion in losses is viewed as a success. No mention of the housing bubble or mortgage bubble that replaced the stock market bubble. The fed, in Alan’s view, is incapable of knowing when bubbles exist.]

Funny, Alan warned us numerous times that the stock market was overvalued. There is no housing bubble, except maybe in a few specific locations.

[RightWhale]

U.S. chain store sales were flat or lower during the first weeks of November.

It's shop until you drop around here. Car traffic is horrendous. Stores are packed. A rising tide of optimism toward ANWR oil development and the natural gas pipeline. Is there a fiscal crisis at the home level? Doesn't look that way.

[lds23]

Many folks are refinancing, just as they are starting to get some years behind them on the amortization clock. In other words, saving on cash flow, but instead of paying into equity, they are paying interest.

Unless you cut your timeframe (i.e., go from a 30- to a 15-year mortgage), you're eating some of your seed corn.