Last week, U.S. stocks had their worst one-day drop since February as traders worried about weak corporate earnings and the looming end of economic stimulus from the Federal Reserve. In mid-July, the Dow Jones was over 17,000; by last Friday it had dropped to just under 16,500. We look at the recent volatility in the stock markets, how it affects the average investor, and what those who see their retirement accounts losing value should do.
Michael K. Farr, president and majority owner of investment management firm Farr, Miller & Washington LLC, is a contributor for CNBC television, and has appeared on networks and shows including “The Nightly Business Report,” CNN, BloombergTV, and Reuters. He discusses the current investment outlook with Chris DeSimio and Mark Heyne.
The investment world is juggling a lot these days: sequestration, fiscal cliffs, debt ceilings, jobless claims, inflation, and more. With a look at some of these issues and their impact on your investments and investment options, Louis Navellier is On the Money with Chris DeSimio. He holds an MBA, edits several leading stock advisory newsletters and is a frequent seen on CNBC, Bloomberg or read in The Wall Street Journal, Fortune, Forbes and others.