Posted to: Economy

Ode to the stock market cloud

The stock market went bonkers today.

I hope you aren’t flipping assets.

How does someone who is looking to buy or sell a house decipher what is happening on Wall Street? How will all of this turmoil affect them? Sure, it could, and probably will, mean lower interest rates, but any benefit on the housing market could be shadowed by higher unemployment and a lengthy recession if the credit crisis continues to shake down the economy.

Although the short-term consequences of an unstable stock market are real and uncomfortable, it is time to stop focusing on external noise and start focusing on what counts. I know, it sounds easy. But if Google can launch in a down market, then it is time to put on your boots and start kicking.

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