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Market Bounces Up on Poor Housing Numbers

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Market Bounces Up on Poor Housing Numbers

Election 2008

Market Bounces Up on Poor Housing Numbers

Market Bounces Up on Poor Housing Numbers

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Housing numbers released Monday morning were much worse than expected, and as a result, the stock market is up across the board.

Why would the market go up on bad news? Well, the answer has a lot to do with the markets wanting another interest rate cut from the Fed and traders thinking an additional round of bad housing numbers might seal the deal.