What a day.  We knew on Sunday that there were bad things waiting to happen when the markets opened on Monday, but in case you've missed it (and I don't know how you could):

• the DOW dropped 504 points, the worst free fall since 2001
• Lehman Brothers, one of the top firms on Wall Street, went bankrupt
• Merrill-Lynch was forced to sell to Bank of America
• American International Group (AIG) is looking for money in order to stay afloat

Are you wondering what this all means for housing in the US?  Yea, me too – I'm still trying to wrap my head around it all myself, but stick around and I'll try to get something logical up here shortly.  There's no guide book for today's news, time will tell how we fare.  Stay tuned …