In CNBC article, Market Fades as Debt Deal Proves Elusive, Keith Springer author of Facing Goliath discusses the current state of the stock market and how it will affect investors.
Jeff Cox, reporter for CNBC says Wall Street battled the dual worries of debt on Friday, sending major indexes lower as we head into Tuesday’s decision deadline.
“Dangerous, absolutely dangerous,” is how Keith Springer, author of Facing Goliath: How to Triumph in the Dangerous Market Ahead, and president of Springer Financial Advisors in Sacramento, CA. described the state of markets. “The problem is you the market reacts to two things, greed and fear. Right now there’s no greed, in the air, it’s all fear.”
“You have both sides screaming and yelling like 2-year-olds,” Mr. Springer continued to tell CNBC. “They’re creating a lot of fear and if they don’t have a deal by the end of today you’re going to see the market sell off and probably be down 200 points by the end of the day.”
You can view more print and TV media interviews with Mr. Springer by visiting http://www.KeithSpringer.com and clicking the “in the news” link, or you can email him at Keith@KeithSpringer.com or call the office at (916) 925-8900.
In addition to his work as an expert financial advisor and successful author, Mr. Springer provides customized mortgages and consulting for homeowners. For more information on these loans visit http://www.KeithSpringerLoans.com.