As Warren Buffett Watch gears up for our real-time coverage of Warren Buffett's fundraiser for Barack Obama tonight, here's a video clip preview from CNBC's Becky Quick in Omaha.

I'll admit it; I don't get it. The National Association of Realtors reports that prices in the nation's housing markets are rebounding. They're still in the negative, down 1.5% nationwide in Q2 2007 from a year ago, but apparently fewer markets are in the negative than in the two quarters before. The NAR's economists call it "flat." Not to mention that they show sales are down 10.8% in Q2 2007 from a year ago.

Yesterday, Tiger Woods announced that he will develop his first U.S. golf course -- he's currently building one in Dubai -- at the Cliffs at High Carolina. It's in the Blue Ridge Mountains near Asheville, N.C., and I'm sure it's going to be beautiful.

Don't listen to the bears - There is a cohort of stocks that is working during this downturn.  Here are Cramer's picks.

Wall Street is bracing for a weaker opening, joining a sell off in stock markets around the world. Europe's major markets were lower after a selling spree across Asian markets, sparked by credit fears.

Credit worries cling to the stock market like fleas to a dog. One of today's headaches came from the Canadian asset-backed commercial paper market which traders here are eyeing nervously. Meanwhile, U.S. brokerage stocks and banks have been pulled into a spiral of selling, amid rumors that any one of the firms is facing credit issues. "They're all getting beaten with the ugly stick today," said Fast Money's Jeff Macke on Power Lunch today.