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![]() Group: Members Posts: 10,620 Joined: 23-February 06 From: Houston, TX Member No.: 48 ![]() |
Seem to be doing pretty well lately. Dow broke 9,000 today. Lookin pretty good and starting to seem like this will end up being one of the shorter recessions, albeit probably one of the most hyped.
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#2
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![]() New son Donovan Charles Mummert born July 17, 2008 Group: Members Posts: 8,635 Joined: 22-February 06 From: Port Wentworth, GA Member No.: 15 ![]() |
Actually it had to do with Ford reporting a pretty hefty accounting profit for this past quarter. That's what started the 188 point upswing in the Dow yesterday. I don't think stocks will dip really low again, at least below 8,000; but I don't think we are out of the housing market woes yet. The stock market is still pretty volatile, meaning there will be days of big gains and days of big losses. There are still a lot of foreclosures in progress, but they are slowing. Let's hope the housing market can recover quickly. That will put our economy back on a more stable track.
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Lo-Fi Version | Time is now: 10th September 2025 - 05:44 PM |