Foolishness demands that we don’t overreact to short-term news. Still, it’s often good to pay attention to the headlines, so you can what’s not so wise about the wisdom of crowds. Here are three of the reasons to freak out that I’m watching today:
1) Banks can’t do it without a bubble.
Last week, we heard the sad news that Goldman Sachs
2) Seepage and methane aren’t funny.
Life is tough if you can’t work “seepage” and “methane” for a laugh (insert Grampa joke here), but when it comes to the Gulf of Mexico oil spill, there’s not much to laugh about. Although BP’s
3) Home builders embrace reality.
In a previous episode of freakouts, I suggested that major continuing foreclosure problems were likely to make life tough on home builders. It seems they agree. The National Association of Home Builders housing market index melted down like an $8 gelato on a summer sidewalk. It seems builders just can’t get it done without taxpayer handouts -- like the cash giveaways to buyers, not to mention the tax giveaways that Congress granted the beleaguered industry giants. In the meantime, builders like D.R. Horton