Barker on the Market
March 12, 2007—Mike Barker of Investment and Retirement Management discusses the market and the calm of last week following the fireworks of the previous week. Barker talks about the ongoing debate as to whether the housing market has yet hit bottom and comments of D.R. Horton CEO David Tomnitz, saying that the housing market in 2007 will “suck”. He also talks about former Fed Chairman Alan Greenspan’s “recession” comment as he discusses last week’s unemployment report and the factors he will be keying on going forward.