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Navellier & Associates - "War Fever" Spooks Nervous Investors

Posted by Michael J. O'Connor | CWS®, Vice President Investments

September 4, 2013

Louis Navellier discusses the latest impact that the Syrian "war fever" is having on the US and other markets around the globe.

"The S&P 500 fell 1.84% last week and 3.13% in August. The Dow fell 4.45% in August. On Friday, Blackrock reported thatAugust was its biggest month for ETF withdrawals in more than three years (since January 2010), with $16.1 billion inredemptions through last Thursday. The S&P 500 SPDR alone had $13 billion in outflows. These withdrawals will likely causethe strength and breadth of the market to deteriorate, but it could also increase demand for many higher-quality stocks."

 

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