The media's erosion of confidence in the housing market continues unabated this morning.

Now, I'm ok with people waving flags and shouting to warn others of impending crisis and catastrophe. If there was a tsunami coming, it wouldn't be a bad idea to tell people about it.

However, I'm still steadfastly against people yelling FIRE! in a crowded theatre or "Suicide Bomber!" on a packed bridge. That's just plain wrong, no matter what you believe or who you feel you answer to in the hereafter.

I have a bad feeling that CNN/Money is really starting to lean toward the latter. Read more here and judge for yourself if we're tumbling down a slippery slope.

Dismiss it or accept it, you still have to realize there are a huge number of people reading these "facts".

On this topic, I shall defer to Dr. Karl Menninger:

"One of the most untruthful things possible, you know, is a collection of facts, because they can be made to appear so many different ways."

Never underestimate the potential power of large groups of people acting irrationally when it comes to finances.