“I’m taking advantage of these markets and am heavily overweighted financials and banks,” said David Kotok, chairman and chief investment officer Of Cumberland Advisors in Sarasota, Florida. “I didn’t buy today, we’re in freefall, but I might tomorrow.”
Excerpt below: The stock market freakout of 2018 hit a crescendo on Monday when the Dow plunged a record 1,175 points. The 4.6% plunge was the index’s worst day since August 2011 and knocked it into the red for the year. “There’s been a seismic shift in sentiment, which had reached extreme levels,” said Paul […]
The Stock Market fell sharply today, the Dow’s biggest point drop in history. John Mousseau, Executive Vice President and Director of Fixed Income at Cumberland Advisors in Sarasota, speaks more on the subject.