Strategists on Dubai: Avoid 'Rash Moves' Now
As global markets digest Dubai's debt announcement, investors are wondering: Is it time to dump equities?
Don Bertrand, vice president of WealthTrust-Arizona, and Kelly Campbell, founder and principal of Campbell Wealth Management, offered their takes on the shifting market environment.
"There's a lot of shock factor going on right now," Campbell said. "I would recommend investors wait until Monday, wait until next week. It's too early to make any decision on this right now."
Bertrand agreed: "I'd wait until early next week, give it a couple more days to see what impact this [Dubai news] is going to have on the market. I wouldn't make any rash moves right now."
What About Gold? For Campbell's strong opinion, watch the full interview.
Dubai and the Markets — Point/Counterpoint:
- Art Cashin Weighs In
- Gartman Warns: Dubai Stock Market Fear Has 'Legs'
- Dubai Spooks Investors But May Bring Buying Opportunity
CNBC Data Pages:
Banks with Big Dubai Exposure:
Disclosure information was not available for Campbell, Bertrand or their respective companies.