Many people remember the downgrade of the U.S. National debt by Standard and Poor’s on August 5th, 2011, this news sent the stock markets into a free fall for over a week. While federal investigators are looking into accusations about critical information about the downgrade that may have been leaked to market insiders, neither the downgrade nor the subsequent market route is giving any confidence to investors. A recent report shows that mutual fund investors are dumping stocks at levels not seen since the financial panic of October 2008. Ed Butowsky, managing partner of Chapwood Investment Management, joins Fox Business’ The Willis Report to understand what this means to you and your portfolio.
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.
Check out some of our other articles:
- Markets Remain Uncertain As Congress Can’t Make A Deal On Debt
- How to inflation proof your portfolio
- Copper & Silver Surging
- The Debt Deal and You
Tags: 2008, crisis, dow, downgrade, market confidence, mutual funds, nasdaq, national debt, october, panic, standard and poor, stock market