dw, the rise in stocks might be temporary. I thin
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Posted On: 05/07/2020 10:28:13 AM
dw, the rise in stocks might be temporary. I think it is possible for a test of the lows or a new leg down. Housing alone will do it. In the past month FICO scores needed for a loan were raised to 700 and now 20% down to get a loan. The last week some banks announced no home equity loans. So many business will be negatively affected by this. Would anyone want to own an all you can eat buffet now? Hey, there will be many unplanned consequences from the long quarantine.
The only positive is the high unemployment extra money, $600 per week and the $1200 plus family members money and pent up demand might cause a nice enough business rally to help out many businesses. But, real estate won't recover, IMO and down we go for a couple of years?
The only positive is the high unemployment extra money, $600 per week and the $1200 plus family members money and pent up demand might cause a nice enough business rally to help out many businesses. But, real estate won't recover, IMO and down we go for a couple of years?
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