Barker on the Market (38:09)
August 2, 2007—Mike Barker, Investment and Retirement Management discusses yesterday's extreme market volatility, its causes and what the possibilities of it continuing are going forward. Barker talks about some of the events that set up the current cycle of volatility and the definition of a correction verses a crash. Also discussed are the continuing problems in the housing and subprime mortgage markets, the recent increase in crude oil prices and softening in gasoline prices, the possible market reaction to tomorrow’s unemployment report and an historical look at August.