US stocks hit by Fed fears and unease over Ukraine
CNBC’s Jim Cramer weighs in on today’s market selloff. Cramer says the impact of the downing of Flight MH17 was a game changer and Putin will win.
U.S. stocks declined sharply Tuesday, more than wiping out the prior day’s gains, with traders citing uncertainty about the tension between Russia and Ukraine and concerns that the strengthening economy will lead to higher
interest rates.
Cashin: Why the Stock Market Took a Midday Tumble
Stocks sold off rapidly, with the Dow dropping as much as 199 points, following media reports on comments by Polish officials on the crisis.
“The report today that Russian troops were lining on the borders of Ukraine preparing for an invasion — whether accurate or not, I don’t know, but it was not helpful,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott.
“Selling begets selling when certain technical levels are breached,” said Luschini, who listed the S&P 500 breaking below Monday’s intraday low of 1,921.20 as among the drivers of the accelerated losses.
ALSO READ: Alan Greenspan Says Stocks to See ‘Significant Correction’
Precious Metals as a Safe Haven
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Wealth Transfer Planning
Precious metals have always been a safe haven for investing in high inflationary times. Historically speaking, a recurring cycle that always seems to repeat itself is periods of high inflation as a precursor to the crash of paper currencies. Those who understand this wealth cycle and position themselves in gold and silver are those who prosper.
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The Great Wealth Transfer
Watch Terry Sacka: The Wealth Transfer show on the Christian Television Network discussing the financial and influential decline of the Western world and the simultaneous wealth increase of the East. With the wealth of nations shifting, it’s imperative to understand moving forward how hard tangible assets will allow you to maintain a quality lifestyle.
Visit the Wealth Transfer archive for more episodes.
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» Read our article: Why Silver is Going Up Today?
» Read our article: Why Gold is Going Up Today?
Past performance is not an indication of future potential values.