2007-06-25 09:59:37 · 6 answers · asked by Anonymous in Business & Finance ➔ Investing
Thanks. Just curious.
2007-06-25 10:10:29 · update #1
Appreciate the answer Wes.
2007-06-25 10:20:18 · update #2
Anybody who could predict that with any certain would make Warren Buffet look like an amateur. My best guess is a correction will happen pretty soon. I don't like the volatility of the market lately. Every day is up or down over 100 points.
High gas prices are going to take their toll on corporate earnings. Add to that the lagging real estate market with no end in the near future and I don't think its going to be a great time for the market.
2007-06-25 10:29:28 · answer #1 · answered by Anonymous · 1⤊ 1⤋
It depends how you define crash, the market is up and down and some bad news can cause a dive but it recovers fairly quickly most of the time. To drop like a rock and stay down requires something major like 9/11. Normal stuff bounces back usually within a few weeks so I don't consider it a crash. Even if the Dow is down 500 points for the week it isn't a huge percentage.
2007-06-25 17:28:50 · answer #2 · answered by shipwreck 7 · 1⤊ 0⤋
The next crash is scheduled to happen August 8, 2007.
2007-06-25 17:41:06 · answer #3 · answered by Anonymous · 1⤊ 0⤋
It might come at any time. The housing bubble that Allen brought us with his zero interest rates is very likely to cause it. The sub-prime mortgages is just the tip of the ice berg so to speak. A whole lot of American consumers have been living beyond their means for a long time. There is a possibility that the housing bubble is the little snow ball at the top of the mountain beginning its decent.
2007-06-25 17:29:13 · answer #4 · answered by Anonymous · 0⤊ 1⤋
I'm sellling everything on August 7th. And so would most other people who believe a crash will occur on the 8th. They arent predictable,
2007-06-25 18:11:52 · answer #5 · answered by jeff410 7 · 0⤊ 0⤋
Not for a long time.
2007-06-25 17:02:34 · answer #6 · answered by Anonymous · 1⤊ 0⤋