The Dow crossed 11,900 for the first time ever yesterday. That milestone leaves me wondering what effect the stock market will have on the housing market. Will the roaring stock market increase wealth around the country and put the housing market back on an upward track? Or will it cause the Fed to increase interest rates again and feed the flames of those arguing we’re in the midst of the bursting of a housing bubble?
I don’t have an answer to that question, but if this awesome picture is any indication, the stock market had better watch for a correction:
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