With investors looking towards the next year of the stock market, what predictions can be made about the next year of the market. Bloomberg reports that it will be more of the same in 2009. Although, they think that it may not be as bad as 2008, the analysts are still predicting that it will not be a good year. Looking back to 2008, most analysts were projecting that 2008 would be a good year. A lot of analysts were generally bullish, and we saw where that went. With the government dumping trillions of dollars into the economy, it would be surprising if there wasn’t some kind of market recovery; however, what will be the lasting implications of what the government is doing.
With over 3 million properties in default, and with analysts expecting that number to increase to over 8 million. The government is trying to reduce mortgage rates to below 5% to try to bring buyers back to the market; however, with consumer confidence at an all time low. Who is willing to buy a property that may depreciate in value over the next few years? Who will buy a property that may have a mortgage worth more than the property in the next few years?
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