The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
Secretary of Education Betsy DeVos and her family have seen their investments skyrocket since President Donald Trump started enacting pro-business policies. Meanwhile, DeVos...Politicsread more
The construction industry is heavily dependent on Hispanic and Latino workers, a workforce that diminished during the last housing crisis and has not come close to full...Real Estateread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
T-Mobile is choosing to move ahead with a merger with Sprint even though it will prop up Dish Network as a new, possibly disruptive fourth U.S. wireless competitor.Technologyread more
Danger is lurking in the stock market: An abrupt sell-off could be around the corner if the Federal Reserve doesn't deliver the rate cut the market expects next week, the firm...Marketsread more
Shares of Beyond Meat jumped 12% Monday afternoon, nearing its all-time high, on investor optimism ahead of its earnings.Food & Beverageread more
Carl Icahn thinks Occidental Petroleum's CEO got played by the Oracle of Omaha himself in the company's effort to buy Anadarko Petroleum.Investingread more
The U.S. Food and Drug Administration has approved the first generic copies of a popular, pricey pill for nerve pain. The agency on Monday said it approved nine generic...Biotech and Pharmaceuticalsread more
Starbucks is licensing its mobile and loyalty program technology in a deal that will give global franchisees the chance to offer the Starbucks mobile app to customers.Restaurantsread more
Recent market volatility may have some investors spooked — and perhaps confused, given the otherwise good economic news of late. But ups and downs are the nature of the investing beast, financial advisors remind us, and those with money in the markets, and long time horizon, should keep calm and carry on.
"The question of whether or not there's a bear market coming or not is really not the question an investor should be asking," said Elliot Weissbluth, founder and CEO of HighTower Advisors. "The first thing they should ask themselves is, do they have a professional giving them advice?"
Working with an investment professional can help investors manage their emotions over market gyrations and keep their eyes on the long-term investing prize, noted Tom Stringfellow, president of Frost Investment Advisors, who described current market conditions as a "rolling correction period."
"Clients are nervous about volatility," he said. "You have to always look at your investment objective and where you want to be over the next few years."
Where you want to be, and not where the market happens to be at today, is key.
"Obviously we're seeing some corrections happen today … [and] obviously we're going to have some period in the future, who knows exactly when, when we're going to have more corrections," said Weissbluth. "The most important thing is, are you managing your own assets on behalf of your own sort of emotional state vis-à-vis the market?"
Historically, in downturns, "those who understood what they were doing and how to balance out their risk and didn't have an over-emotional reaction to the market place fared much better," he added. Weissbluth, for his part, looks on the bright side of market turmoil. "We view this as a growth opportunity," he said. "We're looking for opportunities where there have been dislocations of price, and we view these as buying opportunities."
Stringfellow doesn't see cause for too much alarm, at least in the short term, as all the hallmarks of an approaching bear market haven't appeared yet.
"What turns it into a bear is if trade issues escalate, if the Fed begins to escalate interest rates higher than what we expect, corporate earnings turn down dramatically or just investors lose interest completely," he said. "I don't think those are going to be the cases next year."