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What caused this very low stock market yesterday?

2007-02-28 02:27:41 · 3 answers · asked by Jay 3 in Business & Finance Investing

3 answers

Sprint Nextel Corp

2007-02-28 02:33:26 · answer #1 · answered by BW 2 · 0 0

I would not invest too much money in the market right now. Only thing I am involved in is utilities and wind energy.

There's just way too much debt out there and it will eventually (12-24 months out) come back and haunt us. Too much personal debt (credit card bills, easy lending for homes) , too much easy lending to private equity for LBOs, etc...

Could be like the depression except all the personal debt then was from margin lending?

2007-02-28 10:38:35 · answer #2 · answered by sirtitan45 4 · 0 1

PYA

2007-02-28 10:31:34 · answer #3 · answered by misty 1 · 0 0

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