Yep another article.....no need to panic...funny ...no one even predicted this 2000+ point pull back, in fact every bank was raising their s&p predictions after the first week in January....fu©king fools
Despite surging volatility and rising rates, no need to panic — yet, says Credit Suisse
Rebecca Ungarino | @ungarino
According to one major Wall Street firm, however, the return of major market moves and the expectation for a rise in interest rates this year is no reason for investors to panic.
Other facets of the sell-off earlier this week suggest to Xu there is little to no panic in the market.
While the decline on Monday would imply panicky investor sentiment, in terms of the market move's sheer speed and magnitude (after all, the Dow saw its largest point drop ever), "in terms of actual flows that we saw on our desk, it was not panic," Xu said.
"We did not have customers coming in to panic buying of protection, or unloading positions," the strategist added. She also noted that on Tuesday investors were in fact taking advantage of the volatility and unwinding some previously purchased so-called "protection" for portfolios.
https://www.cnbc.com/2018/02/07/des...ates-no-need-to-panic-says-credit-suisse.html
Despite surging volatility and rising rates, no need to panic — yet, says Credit Suisse
Rebecca Ungarino | @ungarino
According to one major Wall Street firm, however, the return of major market moves and the expectation for a rise in interest rates this year is no reason for investors to panic.
Other facets of the sell-off earlier this week suggest to Xu there is little to no panic in the market.
While the decline on Monday would imply panicky investor sentiment, in terms of the market move's sheer speed and magnitude (after all, the Dow saw its largest point drop ever), "in terms of actual flows that we saw on our desk, it was not panic," Xu said.
"We did not have customers coming in to panic buying of protection, or unloading positions," the strategist added. She also noted that on Tuesday investors were in fact taking advantage of the volatility and unwinding some previously purchased so-called "protection" for portfolios.
https://www.cnbc.com/2018/02/07/des...ates-no-need-to-panic-says-credit-suisse.html
