Tough Start But Not For Real Estate

Dated: 01/31/2016

Views: 920

As the month comes to a close it takes with it the worst January in the history of the stock market. That's the worst as in forever. The week finished up strong with oil making a decent gain but as much as I hope for a decent positive run I would not count on it. There continues to be just too much volatility. The over supply of oil continues to be a significant factor and it looks like Iran will try to block any cutback in production by the OPEC  members. If you are waiting for the FED to put a positive spin on what's coming down the road on rates, you could be waiting for a while. Several good reports on earnings this week so that might be a help, but investors are focused on so many other issues that this will not be a major market mover at this time. Historically so goes January so goes the year but that of course is a wait and see. That being said, the real estate market here on LBI appears to be off to a good start. Rentals are going out the door at a record pace, and sales for this time of year are quite strong and I personally think it is going to be a very strong Spring. As always...a word to the wise !!! 

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