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Local financial experts react to stock-market volatility

Video Credit: KGUN, Tucson, AZ - Duration: 01:01s - Published
Local financial experts react to stock-market volatility

Local financial experts react to stock-market volatility

IT STARTED LAST THURSDAY -- WHEN PRESIDENT TRUMP ANNOUNCED HE WOULD IMPOSE 10-PERCENT TARIFFS

VOLATILITY.IT STARTED LAST THURSDAY -- WHENPRESIDENT TRUMP ANNOUNCED HEWOULD IMPOSE 10-PERCENT TARIFFS--ON ANOTHER 300-BILLION DOLLARSOF CHINESE GOODS.AND THAT WOULD START SEPTEMBERFIRST.FINANCIAL EXPERTS SAYS THATANNOUNCEMENT -- LED THE MARKETINTO A BAD DAY.YESTERDAY -- THE VALUE OFCHINESE CURRENCY DROPPED --BUT REBOUNDED TODAY.WE SAT DOWN WITH DREW BLEASE --OF BLEASE FINANCIAL SERVICES --TO FINDOUT --HOW THE TRADE WAR -- AND BIGONE-DAY MARKET DROPS -- AREAFFECTING US."USUALLY WHEN THE MARKET GOESDOWN BY THIS MUCH, I MEAN SINCEAUGUST 1ST THE MARKET'S DOWNOVER A THOUSAND POINTS, THE DOWJONES IS, A LOT OF PEOPLE WILLPANIC.

NO ONE EVER MADE MONEY INTHEMARKET PANICKING.

AS A MATTER OFFACT, WARREN BUFFET, ONE OF THEGREATEST INVESTORS OF ALL TIME,LOOKED AT CORRECTIONS LIKETHIS AS BUYING OPPORTUNITIES FORTHE LONG TERM, AND SO THAT'SKINDOF HOW WE VIEW IT AT THIS TIME."THE NEXT MEETING WITH TRADENEGOTIATIONS IS SET FOR EARLYSEPTEMBER.BLEASE SAYS -- UNTIL THEN -- HEEXPECTS CONTINUED VOLATILITY INTHE MARKET.




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