Barker on the Market (32:33)
April 27, 2006—Mike Barker, Investment & Retirement Management discusses the market reaction to rising oil prices and its reaction to the comments made yesterday by the new Federal Reserve chairman Ben Bernanke that many feel was a signal that the Fed would halt rate hikes. Barker discusses the recent positive economic news, Mohawk’s first quarter earnings report, the rising prices of oil and their possible affects on earnings, the 6-month strategy and the Chinese central bank's move to boost a key base rate and how that may affect U.S. business.
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