sabbadoo32

Which Improves First - The Stock Market or the Economy?

We can "drill here, drill now". There's plenty of leased land available to oil companies to do that. However, there are constraints on man and equipment to do that. Doing some Googling will lead you to oil drilling industry information that tells you boats, derricks exploratory equipment, etc are currently leased through 2010 on existing projects. It's not a democrat trick, it's the fact that the industry is always looking for new oil somewhere.

Personally I believe market bottom will largely coincide with a significant decrease in unsold housing inventories and a stabilization in commercial real estate. Household savings need to rebound, household credit balances need to decrease. Home values need to begin to rise again. When the middle class feels comfortable about spending money again, we'll get our recovery--which should coincide with a stock market rally. These are the things that will lead to a sustained recovery.