Dow Down Again

If fell almost 250 points today, 249.97 to be exact. The housing market is affecting the stock market. It appears that we are in for some stormy weather. Countrywide CEO Angelo Mozilo said today "The current downturn in the U.S. housing and mortgage markets is certainly the most severe in the contemporary history of our industry,"

Still, there is some light at the end of the tunnel. Some say that the markets will recover in early 2009. Perhaps, but this is not good new for people facing foreclosure.