The stock market rises again. What does this mean for homeowners and the housing market? Can this growth continue in the face of persistent unemployment and other economic ills? And as usual, providing personal finance advice, real estateReal Estate is land and anything permanently attached to it, such as buildings and improvements. advice and consumer advice on the Ilyce Glink Show on September 16, 2012 at 12:00 Eastern Time on WSB Radio.
Let’s dive right into some of the latest world and financial news that came out this week. The stock market closed way up, and the higher it rose, ending at nearly 13,500, the more nervous I became. Why? It doesn’t seem to gibe that the markets keep shrugging off bad news and I fear that we’ll have to pay the piper sooner or later. We still have a weak economy, a battered housing market, persistently high unemployment and the always looming Eurozone crisis. For how much longer can this rosy growth be sustained?
I am also nervous about what’s going on in the Middle East. Our hearts went out to Libyan ambassador Chris Stevens who lost his life in the tragedy of the embassy bombing this week, as well as his grieving family. As anti-American protests continue to spread throughout the region, we’re keeping a close eye on this delicate foreign policy situation.
And these developments were separate from our observance of 9/11 and the sad events that occurred 11 years ago. I remember exactly where I was and what I was doing that day. Many of us do.
What does all of this mean for your personal finances, the housing market and homeowners and our collective economic prospects for the remainder of the year? Callers guests and I discuss.
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