Uncertainties. One uncertainty involves china. Its amajor u. S. Trading partner mired in its own tanking stock market. Cut backs on major spending projects are beginning to affect some major u. S. Businesses, such as caterpillar and john deere. Chinas Consumer Market could crater, impacting the likes of apple. Will the u. S. Federal reserve rate raise Interest Rates next month because the u. S. Economy is in the good and sustained recovery. One set of data says raise it and get it over with. Another set of data says you got to be out of your mind. Reporter plus, a plunge in oil prices particularly impacts Oil Companies. Worry about oil is compounded about concerns that a possible worldwide recession will decrease demand, harming Oil Companies even more. With morsellers of stock than buyers, prices fell off a cliff this week. Nobody wants to buy until they know the coin flip is going to turn out. Reporter now, before you consider panicking, consider this. The market tanked 13 in may of
Our still growing, recovering economy. Nobody wants to buy until they know which way the coin flip with the fed is going to come back. Reporter a pullback or correction of 11 is neither serious, nor unexpected. We havent had a 10 pullback in a long time. This has been an incredible bull market. I think this sets a natural course of action that Something Like that could happen. Reporter still, many investors worry, does the risk of a global downturn impearl the stillgrowing u. S. Economy . On all of these worries, the credibility of the Federal Reserve worldwide hangs in the balance. The absolute worst would be if they raised rates in september and then turned around and had to reduce them in november or december because there was a worldwide recession going on and it was affecting america. Reporter now, the average individuals retirement account stood at about 91,000 in may, the average account. If all of it was invested in the Dow Jones Industrial average, it has now lost 10,000 if al