Quote:
Originally Posted by BYU71
the credit crunch due to sub-prime mtg collapse and the ensuing housing decline. At least that is what is being said on TV and in the papers. The talk is the consumer will have to pull back due to these crunches and also leverage buy out deals can't get done.
In the last week the market is off about 5%. The week after June 19th the market dropped 2.7%, the week after June 7th the market dropped 3.7% and the week after Feb. 23rd the market dropped 5.2%.
What did all these drops have in common. Worry about the credit crunch due to the sub-prime mtg collapse and the ensuing housing decline. It is starting to get boring to hear the same reason over and over again.
I know there was talk in the June fall off about interest rates on the 10 year hitting 5.3%, however rates are around 4.9% now. How about oil? That is really an old tune.
Note: I am asking a question here. I am not indicating at all whether I think someone should be buying or selling the market.
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That or just a natural, random correction.