U.
S. markets bounced back Tuesday,after China's central bank gash interest rates in an effort to boost the economy.
The stagger comes a day after fears of an economic slowdown there sent global markets plunging.
But Liz Ann Sonders, chief investment strategist for Charles Schwab, or doesn't judge we're heading in that direction."I judge it doesn't get worse than a correction,meaning not a Bear Market, if we're not going into a global recession, or " she said. "And I don't judge we're going in to a global recession."Still,when the market slides, the conventional wisdom is: "Stay calm. Don't panic."But given the recent ups and downs in the market, and someone is panicking.
In this interview with WNYC's Jami Floyd,Sonders explains what happened to throw the markets into turmoil, and offers some advice for wary investors.
Source: wnyc.org