Market Fluctuation - Page 2 of 2 - Black Enterprise
Black Enterprise Magazine Summer 2019 Issue

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are stuck hoping that energy prices come down without us going in and raising interest rates.”

The market fluctuations seem even more volatile considering the government’s bailout of Fannie Mae, Freddie Mac, and Indy Mac. Despite the FDIC guarantee–which insures bank accounts up to $100,000–when rumors predicted the banks downward spiral two weeks ago consumer’s lined up outside of Indy Mac and demanded their money.
“These are times that are clearly volatile,” says Dail St. Claire, president and managing director for Williams Capital Management, who suggests that investors leg into recession-proof stocks. “We don’t know when the next shoe will drop and where it will come from.”

However, the climate isn’t gloomy for everyone. “In the long term, it might be a good idea to buy high-quality companies that you want to hold for a long time,” Profit says.

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