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Bird's Eye View: May 7, 2008- Delaying the Inevitable

Posted on May 08, 2008

You know what the news is-- in a minute, you're going to hear the rest of the story - Paul HarveyThey can blabber all they want, but the current rally in the stock market is nothing more than a bear market rally.There are only two events that can turn the markets from bear to bull;1) The government allows FHA to take millions of sub-prime mortgages off the hands of lenders, and/or they allow the rebirth of the Resolution Trust Corporation that bailed out the real estate crisis in the 1980's. 2) Oil prices must come down dramatically.If one or both of these events do not occur, the markets w...

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crude , distillate , interest rates , oil , real estate