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Detailed text transcripts for TV channel - FOXNEWS - 20110730:17:47:00

You. good afternoon, kelly. kelly: a lot of people are watching this scratching their heads, why can t the guys on capitol hill get the job done? if they don t get it done, what s your best advice to people in terms of protecting their portfolios as well as their retirement? the first is don t panic. i mean, you can see that if they don t resolve this by monday, tuesday the markets could react and could react violently. the key is don t look at the situation on a moment by moment basis and react and panic and channing your investment allocation or go to cash, because historically that s shown to be a pretty big mistake. kelly: well, what s do you think any mistakes are made on wall street right now in terms of reacting to the situation in congress? no, if you look at what s going on right now on wall street, we ve lost about 500 points in the market just in the last week. what that really is our portfolio managers, people that manage 401(k) s and pension plans raising cash a ....

Skelly Wright , Guys On Capitol Hill , It Done , Is Dont Panic , The Key Is Don T , United States Congress , Wall Street , Whats Going On , Investment Allocation , Portfolio Managers ,

Detailed text transcripts for TV channel - FOXNEWS - 20110730:17:47:00

Consultants. thanks for joining us, and good saturday afternoon to you. good afternoon, kelly. kelly: a lot of people are watching this scratching their heads, why can t the guys on capitol hill get the job done? if they don t get it done, what s your best advice to people in terms of protecting their portfolios as well as their retirement? the first is don t panic. i mean, you can see that if they don t resolve this by monday, tuesday the markets could react and could react violently. the key is don t look at the situation on a moment by moment basis and react and panic and channing your investment allocation or go to cash, because historically that s shown to be a pretty big mistake. kelly: well, what s do you think any mistakes are made on wall street right now in terms of reacting to the situation in congress? no, if you look at what s going on right now on wall street, we ve lost about 500 points in the market just in the last week. what that really is our portfolio man ....

Skelly Wright , Guys On Capitol Hill , It Done , Is Dont Panic , The Key Is Don T , Wall Street , Investment Allocation , United States Congress , Whats Going On , Portfolio Managers ,