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Wednesday, July 01, 2009

STOCK MARKET??? CRASHING OR NOT?

Yahoo question

STOCK MARKET??? CRASHING OR NOT?
Do you think that stock market will crash to low 6500 dow, again?


Answer:

No, I don't think the stock market will crash to low 6500 dow again. Probably back to 7700 - 8000. The housing market is bouncing back up, house price are getting stable and move up as people jump in to buy cheaper houses. For some houses, I saw 10 to 25 offers that buyers sent in. If employment is getting stable as well, then the market should move back up again.

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