(BOSTON) JAN 8 – CHINA’S MARKETS ARE NOW CLOSED FOR THE WEEK. BUT WHILE THEY WERE OPEN THEY SENT GLOBAL OIL AND STOCK PRICES DOWN AROUND THE WORLD.
FOX NEWS RADIO’S BILL MARCUS HAS MORE:
***
(BOSTON) JAN 7 – WHAT TO DO WHEN THE MARKET CRASHES 400 POINTS IN ONE DAY. TAKE THE LONG VIEW, SAYS ONE ADVISER.
FOX NEWS RADIO’S BILL MARCUS HAS MORE…
***
WUNDERLICH SECURITIES CHIEF MARKET STRATEGIST ART HOGAN, SPEAKING FROM NEW YORK, SAYS GLOBAL MARKETS WERE RATTLED BY UNCERTAINTY — THE UNCERTAINTY OF WHAT MIGHT HAVE HAPPENED IF TRADING HAD CONTINUED IN CHINA BEFORE IT WAS STOPPED BY A CIRCUIT BREAKER.
HOGAN SAYING MARKET UNCERTAINTY WAS COMPOUNDED BY A DROP IN GLOBAL OIL PRICES. TRADERS CONCLUDING A LESS PRODUCTIVE CHINA WILL USE LESS ENERGY.
BUT, HE CAUTIONS, THE CHINESE STOCK MARKET IS SMALL IN COMPARISON TO THE CHINESE ECONOMY. IT IS ALSO SPECULATIVE AND NEW, SAYS HOGAN ADDING THAT IT’S THE CHINESE GOVERNMENT’S ADJUSTMENT IN THE CHINESE CURRENCY AND THE ABRUPT CHANGE IN CAPITAL FLOW THAT RESULTS FROM CHINA’S CURRENCY ADJUSTMENTS CAUSE WHICH ARE MORE OF A CONCERN THAN THE STOCK MARKET.
***
WUNDERLICH SECURITIES CHIEF MARKET STRATEGIST ART HOGAN, SPEAKING FROM NEW YORK, SAYS CHINA’S STOCK MARKET AND THE PLUNGE IN OIL PRICES MADE INVESTORS JITTERY.
***
WUNDERLICH SECURITIES CHIEF MARKET STRATEGIST ART HOGAN, SPEAKING FROM NEW YORK, SAYS IT’S ALWAYS A GOOD IDEA TO REVIEW YOUR PORTFOLIO OR 401-K AND SEE WHAT YOUR ASSET ALLOCATION LOOKS LIKE. YOU SHOULD ASSESS HOW EXPOSED YOU ARE TO THINGS LIKE CHINA, EMERGING MARKETS, AND ENERGY. IF YOU’RE OVER EXPOSED IT’S NOT TOO LATE TO SHIFT THAT EXPOSURE.
BUT, HE SAYS, WHAT’S NOT A GOOD IDEA IS TO REACT TO DAY TO DAY ACTIVITY.
THE MARKET DROPPING 400 POINTS THURSDAY ON JITTERS OVER CHINA’S ECONOMY AND PLUNGING GLOBAL OIL PRICES.
***
THIS MAN IN THE BOSTON AREA WHO HAS 15-PERCENT OF HIS STOCK PORTFOLIO IN EMERGING MARKETS AND CHINA SAYS HE’LL RIDE OUT THE DOWNTURN AS HE HAS BEFORE.
***
THIS MAN IN THE BOSTON AREA WHO OWNS INDEX FUNDS SAYS HE DID NOT EVEN BOTHER TO CHECK ON HIS INVESTMENTS BECAUSE HIS RETIREMENT HORIZON IS FAR OFF IN THE DISTANCE.
***
THIS INVESTOR IN THE BOSTON AREA SAYS HE’S IN IT FOR THE LONG RUN.
***
WUNDERLICH SECURITIES CHIEF MARKET STRATEGIST ART HOGAN, SPEAKING FROM NEW YORK, SAYS IT’S ALWAYS A GOOD IDEA FOR INVESTORS TO REVIEW THEIR PORTFOLIO IN TURBULENT DAYS LIKE THESE WHEN HOLDING A 401-K HEAVY IN CHINA, EMERGING MARKETS, AND ENERGY STOCKS COULD MAKE SOMEONE OVER EXPOSED. BUT, HE SAYS, DON’T REACT TO DAY TO DAY SWINGS – LOOK AT THE BALANCE IN YOUR PORTFOLIO FOR THE LONG TERM.