More confusion today about what's up with the first time home buyer tax credit extension.
Sen. Bill Nelson (D-FL) made a comment as he boarded AF1 today that "We should be able to extend that later this week."
He's a member of the Senate Finance Committee, which is working on the phase-out plan I reported Friday .
Then supposedly the market gets spooked because Bloomberg reports a story that ISI Group says the tax credit would not be extended even though it then goes on to explain it would be phased out.
Read people, read!
Anyway, here's the most likely scenario, I believe, and I've been told by my sources, from Concept Capital's Washington Research Group: