Today’s top news

Here are the top 10 news stories today from Reuters Business News as of 4:55 PM ET.  Notice a pattern? Wall St pulled lower by banks, S&P below 700 – 14 minutes agoStocks fell in volatile trading on Tuesday, with the S&P ending below 700 for the first time since October 1996 as persistent uncertainty about the amount […]

The home sales up dirty little secret

It was all over the headlines yesterday – existing home sales rose 5.5% (seasonally adjusted) from August.  The median price dropped too – down 9% to about $191K.  Good news right?  It IS good news except for one minor detail absolutely no one reported.  Here it is straight from the press release that everyone’s story […]