The dog days of summer? You gotta be kidding. It was more like the wild beasts of August last week, as stock markets around the world swooped and soared, leaving investors terrified and elated, depending on the hour and the day. It was hard enough to follow the action, much less understand it, what with the Dow Jones Industrials down 635 points Monday, up 430 Tuesday, down 520 Wednesday, up 423 Thursday, and up again 126 Friday, to end the week down 1.5%, at 11,269.
To gain some insight into what caused this convulsion, what it portends, and, not least, how to profit from it, Barron's editors rang up some of the smartest and savviest investment pros we know, the members of the Barron's Roundtable. This group maintains that the Standard & Poor's downgrade a week ago of Uncle Sam's credit rating was less the cause of the market's rout than a symptom of what really scares investors—namely, unmanageable debt and untenable policies in both the U.S. and Europe. They expect the markets to stay roiled until Western economies come to grips with these problems, but many also see tremendous bargains in common stocks. In the excerpts below, you'll get our panelists' big-picture views and their best investment ideas.
http://online.barrons.com/article/SB50001424052702303960104576498613736669414.html?mod=BOL_twm_fs#articleTabs_panel_article%3D1
To gain some insight into what caused this convulsion, what it portends, and, not least, how to profit from it, Barron's editors rang up some of the smartest and savviest investment pros we know, the members of the Barron's Roundtable. This group maintains that the Standard & Poor's downgrade a week ago of Uncle Sam's credit rating was less the cause of the market's rout than a symptom of what really scares investors—namely, unmanageable debt and untenable policies in both the U.S. and Europe. They expect the markets to stay roiled until Western economies come to grips with these problems, but many also see tremendous bargains in common stocks. In the excerpts below, you'll get our panelists' big-picture views and their best investment ideas.
http://online.barrons.com/article/SB50001424052702303960104576498613736669414.html?mod=BOL_twm_fs#articleTabs_panel_article%3D1
