[Newsbot]

Title: North American stocks plummet as optimism fades
Category: Business
Posted By: Hyack
Date: 2008-10-15 18:13:29
Canadian

[stokes]

Things will continue to drop until the cause of this horrific problem is dealt with, and if that means more americans lose their homes and more American banks fail than so be it, the market will be stronger in the end, and the world will have learned a valuable lesson about investing in a sand castle economy

[tritium]

Well I wish it would start hitting Alberta... I am waiting for a few good deals.

According to a new report, the housing market in the west is overpriced and heading for a long downturn.

The study by Merrill Lynch says Calgary houses are overvalued by up to 25 per cent.

[PluggyRug]

tritium tritium:

Well I wish it would start hitting Alberta... I am waiting for a few good deals.

According to a new report, the housing market in the west is overpriced and heading for a long downturn.

The study by Merrill Lynch says Calgary houses are overvalued by up to 25 per cent.

Not just the West.

Here in Ontario some districts are still in gazumping mode.