Just an FYI, pull up some of the housing stocks that have gotten hammered recently. Most are up today, i.e. TOL, HOV, DHI. Heck even the Phil HGX index is up.
The above is as of 1016 CST.
Just another strange event to add to a strange day. For those that haven't followed (I can't imagine that there is anyone), the above have tanked hard whenever the ES/YM tanked. I'm speaking of recently, since the Bear Stearns and AHM fiasco.