Overseas stock markets are all down after the Dow took a major dive today. The Dow tumbled 634 points, putting stocks on track for the worst start to the month of August since 1896. The massive sell-off effects everyone from big investors to just about anyone with a retirement plan. How do you put a day like today in the stock market into perspective? Certainly today was a wild day in all markets around the world. Investors are clearly nervous, but its important to be patient and not to panic. Ed Butowsky, managing partner of Chapwood Investment Management, joins NBC nightly news to discuss the days events and what to make of it all.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
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Tags: aa+, bonds, credit rating, downgrade, economy, fox business, gold, market, money, rates, s and p, sell off, standard and poors, stocks, wall street
