The question is ever looming...when will we rebound? When will the housing market stop its retreat? When will the dollar get stronger overseas? When will the stock market start a bull run?
The answer to all may be a combination of several things:
1) When you begin to see financial stocks stabilize.
2) When you begin to see the price of oil move down.
We have begun to see oil drift lower from $147 per barrel to $117 per barrel and it must move even lower. However, oncoming gulf storms and demand for winter heating oil must be factored in.
We must begin to see financial stocks stop posting $billions in losses and stabilize.
When these 2 things happen, it's the beginning of a rebound.
Your comments are welcome....
Thank you for making me Your Orange County Real Estate Connection.
Best regards, Michael Caruso
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