The U.S. stock markets will remain closed at least until Monday because of concerns about the safety of financial industry workers due to the heavily damaged infrastructure at the southern end of Manhattan.
Many in the RV industry believe the performance of the stock market will determine the impact on the retail market of Tuesday’s terrorist attack on the World Trade Center at the south tip of Manhattan. This is because many potential RV buyers have their retirement funds heavily invested in mutual funds and 401-K programs.
Meanwhile, the bond and commodity markets in Chicago re-opened today (Sept. 13) and investors appear to be behaving as if the Federal Reserve will lower interest rates before its next regularly scheduled meeting on Oct. 2.
So far, RV dealers who were interviewed reported a normal amount of retail traffic at their stores but those same dealers said they will be more cautious about their new product ordering plans, at least during the near term.