9/29/09

Good morning. It is a little quiet today. We have already had the S&P Case-Shiller Index, expected to have fallen about 14% in July from a year earlier, the least in 17 months. Optimists point to this as a sign that the housing slump is winding down. Pessimists note that we’re still down! Regardless, rates have crept up slightly after the number. A little later this morning we’ll have Consumer Confidence numbers. Stay tuned