Some analysts are questioning whether Wall Street’s expectations for corporate earnings for the third quarter are too high and may have to be pulled back. If that happens, it could be a wave of negative news that drives stocks down lower.
Bruce McCain, chief investment strategist at Key Private Bank, told MarketWatch that investors are worried about how to “get out of this roller coaster of the relentless onslaught of bad news.”
“We’re just worrying ourselves to death,” McCain told the online news site.
Bill Stone, chief investment strategist atPNC Financial Services Group , told the Associated Press that investors continue to be bombarded by worries about the global economy.
And Sam Stovall, chief investment strategist at Standard & Poor’s , told the New York Times that stock markets are now in correction mode, and that there could be “another couple of weeks to go before it bottoms.”
I’m not sure if this is a formatting issue or something to do with browser compatibility but I figured I’d post to let you know. The design look great though! Hope you get the issue resolved soon.
ReplyDelete