Barker On the Market
August 17, 2006—Mike Barker, Investment & Retirement Management, discusses the recent meeting of the Federal Reserve, when for the first time in two years, rates were not raised, talking about the market’s reaction to the move and his thought on what may be ahead. Barker discusses some of the action that have taken place historically in similar occurrences, he looks at the price of crude which, as he had forecast, has dropped about $7 a barrel from its high last month. He also looks at the housing market and housing related stocks and second quarter earnings