The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Poet who wrote (189131)	3/7/2009 7:23:39 AM
From: stockman_scott	Read Replies (3) of 306849

The stock market under Bush's last year or so went from around 14,000 to 8,000, but are we to detect a trend in that? No, of course not -- it was just a mild correction...but from 8,000 to 6,500, according to talking heads on CNBC that means Obama is really responsible for bringing this market down...LOL...The market rallied and then tanked over the past few days because of news the Chinese were not going to be as aggressive as was hoped...and it has tanked because the whole worlds economy is in meltdown mode...but yeah it is so easy to say Obama can stabilize everything within 6 weeks...The market may be like the average American -- they want a quick fix (and there isn't one). I would like to see a different Treasury Secretary but I think any administration would be experiencing a big correction in the stock market right now...Lots of uncertainty (which the market hates)...Lots of bad news on the employment front and from the financial sector...And the de-leveraging continues. We may see periodic Bear market rallies but we are in a long, deep and painful global recession.

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