CHESSNOID

We have had record number of foreclosures this past year.  Now it looks like we are breaking new records in another report.  According to CNN.Money:
“It’s impossible to find any ray of light here,” said ADP spokesman Joel Prakken in a conference call with reporters. “All of the major industries that we record had declines in [...]

Foreclosures are still on the rise and continue to break inventory records.  The state I live in (California) has been especially hit hard and is still taking major hits every month.
According to CNN.Money:
In some areas virtually all sales are REOs. Four out of every five listings in Stockton, Calif. for instance are foreclosures.
“The traditional market [...]

Monday we were down. Tuesday we were up.  Wednesday seems to be pointing down.  The market futures look like this right now:

Dow
-131.00
-1.55%
8,301.00

NASDAQ
-21.00
-1.85%
1,112.00

S&P
-14.90
-1.76%
834.10

I am surprised there isn’t follow through from yesterday considering the last hour surge. The only thing consistent is the volatility.
I know we are not at the market bottom yet, but there are [...]