Barker on the Market (35:51)
July 27, 2007—Mike Barker, Investment and Retirement Management discusses yesterday’s 311 point drop on the Dow and the general volatility of the market over the past few weeks and its causes. Barker talks about the steady market gains since last summer, its relationship to the current cycle of volatility as he shares his expectations as to when the volatility will dissipate. Also discussed are this week’s new and existing housing numbers, the losses reported by several major home builders, the threats of the housing slump and subprime mortgage problem bleeding into other areas of the economy and the recent jump in crude prices.