Following one of the worst months for investors in about a year. Stocks staged a steep sell off with the dow dropping 150 points, the nasdaq 19 and the s p 11. Gold rallied 2 dollars and oil slid 74cents. The keystone xl pipeline would have little impact on the enviornment according to analysis by the state department. Environmental lists are disapointed. More studies are still to come. And the head of Consumer Protection bureau Richard Cordray will make an appearance on jeopardy wednesday. Lets find out if Tim Mulholland of chinaamerica capital thinks a selling spree will continue. Good monday morning to you. People are talking about corrections in the market, maybe up to 15 . What do you think . We havent had a 10 correction in over 2 years. In fact, january was our first down month that we had since august. I think given that were not even 3 1 2 down i dont know if id go that far yet i think most people view this as healthy right now and thats because theyre looking at earnings and
Course correction and see how the year has gone. This year weve seen the high flyers come down. Weve seen Interest Rates be a lot steadier than people thought. So you take a look at some of the stocks that are working and some of the stocks that are not and try to make a move here and there. Ive been buying oil, European Companies and also stocks that are in transportation and industrial seem to be more popular. Some of the high flyers really came down so ive been choosier about that sector of the economy. What about volatility in the market. Is it typically high or typically low this season . Volatility tends to rise and have these sudden spikes in the late spring and sometimes in the summer. I know a lot of people think its in the fall but ive seen the biggest volatility spikes in what people think are gonna be the quiet months of the year. Matt will this be a year to sell in may and walk away . I think a lot of people started selling in april. Im not really a buyer of that adage. I
During the spring months . One thing i do is a mid course correction and see how the year has gone. This year weve seen the high flyers come down. Weve seen Interest Rates be a lot steadier than people thought. So you take a look at some of the stocks that are working and some of the stocks that are not and try to make a move here and there. Ive been buying oil, European Companies and also stocks that are in transportation and industrial seem to be more popular. Some of the high flyers really came down so ive been choosier about that sector of the economy. What about volatility in the market. Is it typically high or typically low this season . Volatility tends to rise and have these sudden spikes in the late spring and sometimes in the summer. I know a lot of people think its in the fall but ive seen the biggest volatility spikes in what people think are gonna be the quiet months of the year. Matt will this be a year to sell in may and walk away . I think a lot of people started sellin
The lounge has been open for approximately a year but held off on the ribbon cutting ceremony until right before summer when donors would be able to attend. After the ribbon was cut, guests filed inside to see the lounge, which includes a ping pong table, a foosball table, and a gaming station.