Barker on the Market (36:40)
June 16, 2007—Mike Barker, Investment and Retirement Management, discusses the bond market and the causes of the pull-back in the stock market last week and the gains it has made this week as well as the market’s general nervousness. Barker talks about the upcoming earnings season, the affects of crude oil and gasoline prices on the overall economy and the floor covering industry, the housing market and the subprime mortgage situation and if we have yet seen the bottom. Barker also discusses the Federal Reserve and what its next move interest rates might be and his expectations for the market for the remainder of the summer.