Wednesday, July 11, 2007

The latest news

Marketwatch's stories yesterday and today show it* vividly:

*You all know the Roadrunner cartoons where Wile E. Coyote runs off the cliff, but only falls when he looks down and realizes there's nothing holding him up? That seems the case for the housing and stock markets now. The Dow rebounded some today; Wile is treading air a little longer.

See extended coverage by Calculated Risk.

Meanwhile, Santa Monica inventory is up another 5 just since Saturday, after lagging the last couple of months.

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