Dow drops despite last week's action by Feds

At times following the almost emotional responses in the stock market can be as involved as political drama, one day everything is great and the numbers are soaring then the very same news that was good is no longer felt as good or new numbers make all of the previous good seem not so good. Interesting article on CNN Money that follows the latest Dow drop and provides some of the theories as to why:

Stocks fell Monday on a weak July existing home sales report. Tuesday brought more evidence of erosion in the sector after a Standard & Poor's report showed that home prices fell 3.2 percent in the second quarter versus a year ago.

Investors also reacted to the 10:00 a.m. ET release of the August consumer confidence report

The August index fell to 105.0 from a downwardly revised 111.9 in the previous month. Economists surveyed by Briefing.com thought it would fall to 104.5 in the month.