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[Planting A Garden] DJIA Surge = Better Mood = More Home Sales

Who says the Dow Jones Industrial Average has anything to do with the outlook for the housing market?

I am certainly skeptical, and get downright annoyed every time someone would refer to the DJIA result that day as a litmus test for some sort of national mood.

Yet people seem to be feeling a little better about things (the economy/housing) today than a few weeks ago. Here’s a chronology of cause and effect (DJIA rises and home sales rise) conveniently edited to make my point:

First of all, this has been one heck of a busy news cycle and the path from DJIA to rising home sales is obvious.

Secondly, I need to splash some cold water on my face and get back to work.

Aside: we don’t need bipartisanship [13].