Barker on the Market (20:20)
September 21, 2007—Mike Barker Investment and Retirement Management discusses the market reaction to past events, such as the poor jobs report of a few weeks and then is bounce back to pre-event levels. Barker answers the question: Will this be the case with the Fed rate cut of 50 basis points? He also talks about the real effect the cut will have on the housing market, his reaction to the cut now a few days later, the positive reaction to the August CPI report, when crude prices presently are in the $82 range and the factors he will be focusing on in the weeks ahead.