Election Tuesday

Election day is a time of decision.
It's a time of making clear and direct choices.
Take the time and get out an vote today!

I started this morning the usual way, watching the markets on TV.
One of the leading stories this morning was the new home builders, (once again) lowering their future earnings expectations.

They were citing the big numbers of cancellations.
It seems people have been backing out of their contracts in droves!

How big is a "drove" you ask?
How about 40%? That sure seems like a "drove" to me.
All the big builders are down this morning.
DR Horton, Toll Bros. all down.

How would you like it if you only 60% of your family showed to the Thanksgiving dinner you slaved hours over?

This also has an effect on the 10 yr.
It's yield is down again today.
If you are keeping score at home, that's 4 out of the last 5 days!
Supply and Demand.

And guess what...
They've been backing out of existing home sales as well!
I'll bet that's easier to do than on a new home.

So a contract isn't a contract?
People really don't do what they say they are going to do?

So what else is new?

Here's a plug for a friend of mine back east.
His name is Trevor.
I always thought he was somewhat normal.
That was until he sent me this clip of him on YouTube.
http://www.youtube.com/watch?v=5v3kql8aSNI
He ran the NYC Marathon in a pair of Crocs.
That takes a bunch of guts to do, eh?

I'll bet he wouldn't back out of a new home contract...
Way to go Trevor!

Get out and vote, but be careful!