Yesterday, the stock market turned on a dime, going from what appeared to be a straight shot toward new multiyear highs to a disappointing decline. This morning, the ill feelings from that reversal continued, despite indications of some strength in the housing market. Existing-home sales rose 2.3% in July, and the prices of those homes increased by nearly 10%. Yet the pace of growth is still slower than what we saw during spring, reflecting the conflict that investors have in assessing economic strength. Just after 10:45 a.m. EDT, the Dow Jones Industrials
Finally, oil stocks were down somewhat, with both ExxonMobil
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