Results tagged “drop”

You would think, from reading bulletins about the stock market's drop today--about how the Dow Jones decline rate mimics the Great Depression--that Western civilization was on the brink of extinction. To someone who hasn't bought stock or mutual funds (securities of any kind, for that matter) for at least a decade, this doesn't make sense. The closely followed Dow is an average of the prices of thirty stodgy, old-line industrial companies (out of tens of thousands of publicly traded enterprises). An artificial indicator like that is bound to fluctuate, and consider this: No one is forcing anyone at gunpoint to buy or sell anything; for every seller, there's a willing buyer. The Market goes up, the Market goes down. Don't let it get in your head.

The P-I is running an AP story with the headline: "Seattle home sales plummet 41% from a year ago," (lede: "Seattle and Portland were among the top 10 metro areas in the nation with the most pronounced drop in sales") while the Seattle Times counters with "Record U.S. home-price decline in August attracts buyers." So there's an upside? "...sales are sluggish in formerly stable markets like the Pacific Northwest and Charlotte." Oh. At least we've got strong fundament--oh. Hey, sunny San Diego County real estate is ten percent cheaper than King County. Wait, is that good or bad?