Orlando Real Estate

Lehman and Merril Lynch

September 15th, 2008 11:53 AM by David W. Welch

The stock market took a bit of a hit with the news today about Lehman and Merril Lynch. To some degree this was anticipated, and will probably not be the last of the failures that we will be seeing in the news. On the positive side oil continues its slide below $100 per barrel. Of course the slide is caused by lower demand, but the magnitude of the drop in crude appears to be more speculative. In the long run, cheaper oil should lead to cheaper fuel and may actually get food and other prices back in balance. If this relieves some inflationary fears, rates could stay lower longer.


Posted in:General
Posted by David W. Welch on September 15th, 2008 11:53 AM

It looks like the 'changing of the rules' for short selling [stocks, not real estate] has had a positive impact on the market as evidened by the 300+ pt gain at the close of biz on 9-19. We had huge single day loses, but only ended up -33 for the week! simply amazing how private industry has a way of healing itself. Chris
Posted by Chris Brown on September 20th, 2008 2:12 PM


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