How should investors prepare their portfolios as the market heads into a three-day break? Wayne Kaufman, chief market analyst at John Thomas Financial, and Kim Caughey, VP and senior equity analyst at Fort Pitt Capital Group, shared their market outlooks.
“First of all, it’s a short-term trader’s market,” Kaufman told CNBC. “The big problem is visibility.”
Kaufman said issues in the U.S. in regard to health care, taxes, carbon tax and sovereign debt are hindering markets and making investors uncertain about what will happen over time.
In the meantime, Caughey said investors should focus on how companies will be trading in the long term.
“If you know that you have companies that have good, strong balance sheets with possibility of growth in the future, you should be rest assured that the world is still going to spin and these companies will be in business.”
“Having a very short-term view, you can get into a lot of trouble and a lot of negativity,” she added.
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No immediate information was available for Caughey or Kaufman.