Nobody got the memo, and I got all this in my feed reader simultaneously

• The Obvious, to everyone other than the NAR - Home Prices Fall 12.7% (The Big Picture)
• The Cheers, from Walmart shareholders - Consumer confidence drops in April on inflation, job worries (Associated Press)
• The Quandary, from the Taxpayer Defamation League - Bottom Falls Out of California Budget (Paul Kedrosky)
• The Expected, from those watching a little more closely - ‘Underwater’ Subprime, Alt-A Mortgages to Swell by Midyear (Bloomberg, with “expectation” here)

I’m closing my browser for the rest of the day.

UPDATE: Hearing Wal-mart cheers.