Barker on the Market (25:26)
October 19, 2006—Mike Barker, Investment and Retirement management, discusses the importance of the Dow breaking the 12,000 barrier yesterday and how many investors view the news. He talks about the meeting of the Fed next week discussing the market’s expectations for the meeting, and his expectations as to what the Fed may do with interest rates early next year and what such a move would say about the state of the overall economy. Also discussed is an OPEC decision to curtail oil production and what that could mean for the floor covering industry and the up coming earnings season.