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Stock Market Volatility Signals Recession? It Depends, Say Economists |
By Liz Dominguez |
It's been a bumpy ride with flighty swings for the S&P 500 stock index this past week, which dropped by 4.6 percent, its most severe weekly dip since February. What does it all mean? According to Ruben Gonzalez, chief economist at Keller Williams, very few buying and selling decisions are likely to be directly impacted in the near-term by the stock market's decline, stating "it's more likely that buyers and sellers become more jittery about the future of the economy in general, and this could affect housing decisions." The stock market blip could be nothing more than a simple correction, says Lawrence Yun, chief economist for the National Association of REALTORS®, who states ...
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