doesnt this have to start effecting the indexes on a consistent basis?
2007-08-01 11:47:52 · 4 answers · asked by Antonio Montana Jr. 4 in Business & Finance ➔ Personal Finance
by ignoring obviously i mean that they are not reacting appropriately considering the fact that the housing crisis is worsening with no signs of getting better, subprime lending is a big issue in this country but i suppose you are content in ignoring it as well, have fun
2007-08-01 12:55:38 · update #1
so youre telling me that if it gets to a point where no one in this country can afford their houses the dow will be at 13,300?
2007-08-01 14:17:41 · update #2
There is not much of a housing market situation. Speculators try to create a perception that there is, and use to swing the market - its their best way to make money.
2007-08-01 12:13:30 · answer #1 · answered by svikm 3 · 0⤊ 0⤋
You seriously believe Wall St. is ignoring the housing market?
I suggest you pick up a newspaper and review the share prices of mortgage companies, banks, real estate investment trusts, and housing construction companies, as well as bond funds that own mortgage-backed securities. You will discover that Wall St. is not ignoring the housing market.
2007-08-01 20:22:43 · answer #2 · answered by Mr Placid 7 · 1⤊ 1⤋
Wall Street is not and never has ignored ANYTHING. The market simply acknowledges that the MEDIA hysteria is NOT an accurate reflection of anything.
2007-08-01 19:41:45 · answer #3 · answered by STEVEN F 7 · 1⤊ 1⤋
until the New York market bursts
2007-08-01 18:59:20 · answer #4 · answered by JR M 2 · 1⤊ 1⤋