Housing & Transport Woes, Wall Street Declines “May Make Enron Look Like a Sunday Picnic” - Expert.

/prbuzz/ -- It has been a terrible time in the stock markets. Down over 200 points Tuesday alone, the markets have been hit hard by sub-prime loan company problems, higher energy prices, a worldwide downswing in markets. Further, here at home, the housing industry, which is a key barometer, has been hit hard with several homebuilders bearish on the building industry for 2007 and beyond (a leading homebuilder told Wall Street on March 7th that he sees a slump in 2007 in a home building industry declaring that the “future is not as bright as what we would like it to be.” ( Source: L.A. Times, 03/08/07).

Fears of an economic slowdown or worse (a recession) has caused tremendous concern on Wall Street and Main Street (where the money is so important to real Americans), combined with an uncertain political climate, concerns about Iraq and Iran, all-important transport costs (gas prices in So. California alone exceed $3.15 per gallon) which have ripple effect hurting many industries, companies and end-use consumers. Higher oil costs translate to higher costs for a majority of consumer goods.

The stock markets’ declines directly hurt MainStreeters. The declines impact MainStreeters in their individual (regular) accounts. And the fallout may prove more pronounced in investment retirement accounts - already of huge concern. A 2006 study showed that 43% of Americans wouldn’t have enough money for retirement. This may haunt the growing-older baby boomers who now or will see their account balances fall, and with them, their future security as the uncertainty in the markets create the doubts and fears to foster additional declines.

”For some, Wall Street is the best place for investing dollars. For others, Wall Street is a gamble where the conflict between a broker’s duty to the Main Street investor collides with a desire for commissions or fees all too many times,” says Securities Arbitration’s founder Paul Young, who has worked for burned investors to recover money lost due to investor abuse for 19 years and leads the free Securities Arbitration Hotline nationwide (1-800-222-4724).

The stock market declines were not only anticipated but were forecast in print by Securities Arbitration’s Paul N. Young (see “Stock Market Declines – Rolling the Dice on Main Street” at http://www.SecuritiesGuy.com). And he was almost alone when he also accurately, beforehand and concurrently, forecast, followed, warned of the dangers of dot-coms and IPOs in 2000-01 in print and on air during those years – disastrous years from which America has yet to recover.

Stock market declines, so what? “So what, indeed,” says Young. “So many Americans who have lost money just today alone might not have lost money if they’d been put in securities suitable for them, were told all the truth all the time about investments, were recommended investments that were safe and diversified so that they could withstand market corrections. Make no doubt, the markets are in a severe correction. I forecast this as early as July, 2006, much as I wrote of the dot-com bust before it happened and throughout that disaster years ago. With housing in decline, transport and oil plus related ancillary costs only rising, with the employment picture poor, plus other factors, can it not be reasonable to agree with Alan Greenspan that a recession is a true possibility? I think it is,” concludes Young.

If Main Streeters have been burned by their investment pros and stockbrokers, they have a viable means of recovery that is cost effective and time efficient. Securities arbitration is that forum. It works, it is wonderful, and it is the burned investors’ best friend.

Who we are: Paul Young ("Mr. Securities Arbitration"), an experienced advocate for burned investors nationwide, is the founder of Securities Arbitration Group and the Securities Arbitration Hotline @ 1-800-222-4724. Our national team’s job is to get money back for burned MainStreeters. Young is fully media experienced, print and air. He is available for interviews, guest appearances and news spots 24/7.

Journalists: Call Caren at (310) 826-0278.

Burned Investors: Securities Arbitration Hotline @ 1-800-222-4724 is free and available nationwide.