CNBC Stock Blog
- Why are Traders Bullish on This Food Company?
- Profiting From Natural Gas: Strategists
- 3 Hot Mid-Cap Stock Picks: Portfolio Manager
- 'Nice Opportunities' in Health Care Sector: Stock Picker
- Stocks To Play With Health Reform: Analysts
- 4 Tech Stocks For This Holiday Season: Analyst
- Art Cashin: I'm Still Skeptical About Markets
- Rockwell Automation Earnings: What Options Are Saying
- Gold Will Touch Higher Lows and Higher Highs: Analyst
- Correction Coming When Fed Ends 'Easy Money': Market Pro
MOST SHARED
- Home Prices Start to Stabilize In the US as Sales Pick Up
- Israel: Leader of Business Innovation
- Why Health Care Bill Is Facing Such a Tough Fight in Senate
- BofA Board in Civil War Over Lewis' Successor
- iPhone, App Strategy the 'New Dot Com?'
- Rock Band Weezer Uses Snuggie to Promote New Album
- Dow Up Over 100 After G20 Stimulus Pledge
- S&P Stocks Trading at New 52-Week Highs
- Dow Industrials at New Highs—But Other Indices Lag
- Former SEC Lawyer Pleads Guilty in NY Fraud Case
- Warren Buffett to Sell Stakes In Union Pacific & Norfolk Southern
- Nov. 9: Unusual Volume Leaders
- The Battered Businesses Behind Housing
- Modern Warfare 2's Record-Breaking Launch
- Merck’s Mega-Monday Morning
- Why are Traders Bullish on This Food Company?
- Profiting From Natural Gas: Strategists
- S&P Stocks Trading at New 52-Week Highs
- Shopping for Answers
- Buffett to Sell Stakes in Norfolk Southern, Union Pacific
- Electronic Arts Beats Street, Announces 1,500 Job Cuts
- Time Is Here to Look at Overseas Stocks: Bill Gross
- 'Modern Warfare 2' May Be Biggest Event This Year
- Priceline Crushes Profit Forecasts; Shares Jump
- Home Prices Start to Stabilize In the US as Sales Pick Up
- Flaw in US Data Overstates Growth, Productivity
- Do You Know Your Coca-Cola Myths?
- Sprint to Cut Up to 2,500 Jobs, Sees Charge
RSS FEED
CNBC News Associate
It’s been a ‘V-shape’ market since March and a healthy correction would enable this market to have a longer life, said Lawrence Glazer, managing director at Mayflower Advisors.
“I think the [market pullback] will allow a lot of people who have been looking for a pullback to get an opportunity to buy in,” Glazer told CNBC.
Glazer said he expects consumers to remain frugal for a long time.
“This frugality trend has legs and it is a long lasting trend,” he said. “Consumer credit is going to be more difficult to obtain and more expensive.”
He advised investors to diversify their portfolios by investing outside the U.S. “Investors need to look globally…That is diversification. Diversification means global exposure,” Glazer said.
Disclosure:
No immediate information was available for Glazer or his firm.
______________________________
______________________________
CNBC's Companies in the News:
Berkshire Hathaway [BRK'A
Loading...
()
]
Berkshire Hathaway Stock Options Begin Trading Today
Continental Airlines [CAL
Loading...
()
]
Continental Pilot Dies Mid-Flight
Research in Motion [RIMM
Loading...
()
]
Earnings Preview: RIM To Meet The Street
AIG's Ex-CEO Had Private Jet Fly Stock to Bermuda
USBancorp [USB
Loading...
()
]
TARP Is Not a 'Disadvantage': USBancorp CEO
______________________________









