Barker on Yesterday's Wild Market - (36:30)
August 18, 2007—Mike Barker Investment and Retirement Management looks at the extreme volatility in yesterday’s market, dropping as much as 341 points at mid-day to close off 15 points. Barker discusses the causes for the continued instability of the market, signposts that may indicate it’s bottoming out and how long he expects the cycle to last. Barker discusses yesterday’s housing starts report and his expectations for a housing market recovery, the Fed and how they may react to the market decline as well as gas and crude prices.