Home : Blogs : Lisa Lambert, Esq. (1031 Exchange Expert) : 1031 Exchange Expert

1031 Exchanges - STOCK MARKET PASSES 13,000 TODAY!!

Stocks Rise as Dollar Advances on Optimism About US Economy

It's great to finish out the day with some upbeat optimistic news!!! The Associated Press reported that the Dow rose 190 points because investors viewed the rising dollar and falling oil prices as a positive sign for the economy. Click Here for the whole article.

Here are some of the factors that are being attributed to the upward move:

1. The dollar on better than expected economic data and the Fed's apparent resolve to monitor inflation.

2. Consumer spending rose .4% in March.

3. Manufacturing contracted less than expected.

4. The dollar's advance helped crude oil fall briefly near $110 per barrel to settle at $112.52

It wasn't all great news with a reported fourth month in a row of job losses but still, isn't great to get a break from the doom and gloom?

I think the positive news is really going to help properties move. People are always fearful to make a change in a volatile market.

How do you think this will effect the real estate market?

Posted by Lisa Lambert, Esq. (1031 Exchange Expert) on 05/01/2008 05:03 PM

Comments (4)

1031 exchanges, investment property, stock market, dollar, consumer spending, qualified intermediary, good news, upbeat, economy, real estate market

Post is included in group: Active Rain Groups
Post is included in group: Commercial Real Estate
Post is included in group: Most Active ActiveRain Blogging Agents
Post is included in group: California Central Valley Real Estate Professionals
Post is included in group: Central Valley 1031 Exchange Solutions

4 Comments on 1031 Exchanges - STOCK MARKET PASSES 13,000 TODAY!!

So with all this good news will Bush get any credit?

05/01/2008 05:08 PM

by Abiud (Abi) Montes (EWM Realtors)

Lisa - with the feelings I've been getting lately about the economy, any good news is good news. does that make sense? then I guess any bad news is bad news, right? oh well, thanks anyway Lisa:-)

05/01/2008 05:17 PM

by Peter Z. Nikic

Abiud:

It's difficult to say who will get the credit but I think it's unlikely that the media will credit Bush. It's too popular to blame him for everything that goes wrong. I happen to disagree with that stance. Congress has had far more to do with our problems.

05/01/2008 05:22 PM

by Lisa Lambert, Esq. (1031 Exchange Expert) (1031 Exchanges - Asset Preservation, Inc.)

Peter:

Glad to bring the good news. We sure can use it. I'm glad to be the bearer of glad tidings. Now, let's just hope it lasts for a little while.

05/01/2008 05:23 PM

by Lisa Lambert, Esq. (1031 Exchange Expert) (1031 Exchanges - Asset Preservation, Inc.)

Leave a response…

Name:

Notify me of new comments:

Comment:

What does the graphic say?

Real Estate Attorney: Lisa Lambert, Esq. (1031 Exchange Expert) (1031 Exchanges - Asset Preservation, Inc.)

Lisa Lambert, Esq. (1031 Exchange Expert)
Fresno, CA
More about me…
1031 Exchanges - Asset Preservation, Inc.

Office Phone: (559) 229-4103
Cell Phone: (559) 433-5399
Email Me

Discussing 1031 Exchange Issues and Related Real Estate Issues in California. Specifically focusing on the Merced, Madera, Fresno, Selma, Reedley, Oakhurst,Visalia, Hanford, Porterville and Bakersfield areas.

Links

Tags (Tag Cloud)

Archives

Find CA real estate agents and Fresno real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved