The Bright Side of America's Lost Decade in Stocks
In this video video from tech ticker, Liz Ann Sonders, chief investment strategies at Charles Schwab, points out a couple characteristics of a bottoming market that currently exist.
Even though a 30-year fixed mortgage is around 5%, it won't matter until the employment situation improves, and that may not happen until the second half of 2009, says Sonders.
There will be no 'V' bottom recovery, says Sonders.