ETF investors may be taking a sigh of relief this morning as world markets stabilize.
Reuters reportes early this morning that "Wall Street is set to open up on
Wednesday, recovering from the previous day’s frantic sell-off,
after calming remarks from China as investors look ahead to U.S
preliminary GDP figures to judge the health of the economy.
Tuesday’s sell-off wiped out the year’s gains on all three
major U.S stock indexes, but the markets look set to strengthen
as investors reassess the factors behind the move.
The Shanghai benchmark gained nearly 4 percent on Wednesday
as Chinese Premier Wen Jiabao said the government would make a
priority of guarding the safety and stability of the country’s
financial markets."
So, take a deep breath and address the market and your portfolio calmly and rationally today.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.