Jeff, Joe, and Kyle are back at it, this time with a decisively unpleasant market recap. Last week saw the Dow down 4.8%, the S&P 500 down 5.8%, and the NASDAQ down 4.8%. The year-to-date numbers show those three indexes down 17.7%, 22.9%, and 31%, respectively. The S&P 500 officially crossed into bear market territory – a big, hairy, smelly bear – and now we’re all wondering how long it will last. With many predictions being thrown around, what’s an investor to believe? The guys talk dollar-cost averaging, how close we may be to the bottom of the market, earnings, the history of bear markets, and more.
In the second hour, the Money Wise guys share the considerable danger of Equity Index Annuities, sometimes called “hybrid” annuities. Don’t miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.
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