World indexes are trending down

Stock markets all over the world were down today. Many commodities were also down. The media is telling us that the cause is because of the housing report that came out today. The report told us that fewer houses were sold this quarter and this caused the markets to go lower. But anyone who has been following the financial news knows that when 10 percent of Americans are out of works, people can't buy anything. So, it is not only houses that people are not buying. Back to school shopping should be going on now, but the stores are empty. Lack of jobs is the real reason the markets are going down in my opinion. Tomorrow the markets may go down again. When the markets do reach a bottom, there will be a massive correction. But this reversal may not happen for a while.