The Market is Up/Down
Bad news on Wall Street today included a substantial write-off by Merrill Lynch as well as news that existing home sales have tumbled to their lowest levels since they started keeping track (only 1999, actually).

What does this mean? Some would see this as the cause of today's stock market decline. Why? How could they know this? Did they poll every investor that bought and sold today? It is interesting to note that the S&P 500 is down a little over one percent as I write this. It was up, as I recall, a bit more than one percent yesterday. I guess it's hard to write a column that says, "Stock market moves in random direction."
- posted by Base10 @ 1:56 PM