“The markets are worried. Investors are uncertain about what’s happening in Europe and until we see some of that uncertainty cleared up, we are likely to have highly volatile markets. You find when the markets go down investors get very concerned, rightfully so,” Gary Thayer, chief macro strategist at Wells Fargo Advisors, commented, reports Reuters.
“Crises that plagued the markets throughout September have historically reached a crescendo in October and this year is no exception,” Warren added. “We’re shoring up protection for our portfolios and preparing for the worst.”
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Max Chen contributed to this article.