I have to ask for your reasons for your prediction or Answers police might punish me for running a poll.
2007-07-29 20:25:42 · 3 answers · asked by Houyhnhnm 6 in Business & Finance ➔ Investing
There isn't enough reason to predict a sudden stop to the slide. Pessimism rules OK at the moment. It will slow, though. Give it another day, and the bargain hunters will move in.
2007-07-29 20:38:01 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I think it will level off in a few days, but i also think the market is in for a rude awakening as well. A lot of people think this fall is because the housing market is way over-valued, and i have to agree with them. Homes that are worth 200k are selling for 600k, so when the market hits bottom, these people will have to take huge losses on there homes. Then at that point there will be so many homes on the market that they will have no other option then to take a big loss. This will cause the stock market to take a big hit. Now this is still down the road and it can be stopped, but the market will take some kind of hit for sure.
2007-07-30 04:27:58 · answer #2 · answered by sincity usa 7 · 0⤊ 0⤋
It will rally. It always does.
2007-07-30 03:53:31 · answer #3 · answered by Katherine W 7 · 0⤊ 0⤋