Summer is almost over

First, we apologize for our long "vacation" from the commentary. Considering the volume shrinkage since the last Fed meeting on 8/8, we are waiting for the big players to be back in business after Labor Day Weekend. But we did see a few key economic data reports this week, such as new home sales, existing home sales, and personal consumption. The bearish mood seems to have picked up in the housing sector, helping out the puts on NEW.