Disregard the doom-and-gloom crowd and be ready to buy great stocks on the cheap.
Domestic prices will trend to the higher world level.
There is still a need to boost lagging federal spending.
New-home sales fell to the lowest level in three months in December as homebuyers balked at higher mortgage rates. The falloff in sales had already been foreshadowed by the 10% year-over-year decline in mortgage purchase applications.