Yahoo TechTicker: Wall St. Cheat Sheet Talks 6 Reasons Why the Market WON’T Crash

Barring a huge turnaround today, this week is going to go down as one of the more desultory in recent history. What began with so much bullish excitement about China’s steps to lift the yuan is ending with more disappointment for the bulls.

Amid renewed concern about financial contagion out of Europe and rising fear of a double-dip recession at home, some observers are comparing the current environment to mid-2008, i.e. before things got really bad.

But fear not! There are 6 Reasons Why the Market Won’t Crash, according to Wall St. Cheat Street co-founders Damien and Derek Hoffman:

• ** BP (NYSE: BP) is NOT the ‘new Lehman Brothers’.
• ** The Fed is stuck at zero for the foreseeable future — if not beyond.
• ** Upcoming mid-terms will spur pro-market policies, especially for housing.
• ** CEO hiring confidence is at a 3-year high.
• ** Technology is still driving productivity growth and creating new industries.
• ** The consumer is NOT dead, as evinced by today’s strong consumer confidence data.

I discuss these and related matters with the Hoffman Brothers in the accompanying video. (Click here to read the original article with more details.)

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