Fed, Lefty split on housing downturn

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A dab of humor before stocks open.

The Federal Reserve’s Open Market Committee this morning: ‘... incoming information indicates a deepening of the housing contraction.’

The ever-bullish Lefty, commenting yesterday: ‘If you’re out of stocks now, what better place to put your money than your own beautiful home in sunny CA!! you’ll be building equity in no time while the snow-bound east coast is getting even colder on wall street!’