The US and global equity markets have broken through major technical levels in the last two days. Today is the test of the "support" level that hovers around the S&P 741 range. Pre-market numbers show that this level will fail with futures pointing to an open at S&P 715. Analysts are speculating on the next support range with some predicting a print around 675 by the end of the week.
I am curious to know how many other Realtors are following these numbers and are tracking the impact of the downward spiral as it impacts us in the real estate world. Active rain members, are you seeing deals fall apart as cash goes back on the shelf to shore up personal and company balance sheets?
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