Need some advice?
Kenny Polcari, director at O’Neil Securities, talked about the ways to prepare in a market meltdown.
“The market needs to find a way” to rally, Polcari says.
On Tuesday, Oct. 24, the Dow dropped 548 points at the session low.
Many investors may be feeling the anxiety as the Dow and S&P 500 fall in trading on Wednesday morning.
Polcari gives investors advice on how to handle a volatile market and he even comments on his pumpkin risotto–the recipe to which can be found in his newsletter.
Polcari tells TheStreet “the market has been struggling…to rally and find a level of comfort.”
On Tuesday, Jim Cramer said that he believes that the current market is a “buyers market.” When asked, Polcari says that he agreed with that. He added that sellers are feeling anxious.
Cramer has previously warned about selling during a dip.
SUBSCRIBE |
_
Want to Buy $1 Worth of Stock for 90 Cents or Less? You can with certain so-called “closed-end” mutual funds – an often overlooked investment class. Click here to register for a free online video in which TheStreet’s retirement expert Robert Powell and an all-star panel tell you all you need to know–
___
You can also find us on…
ACTION ALERTS PLUS |
FACEBOOK |
TWITTER |
PODCASTS |
THESTREET.COM |
LINKEDIN |
INSTAGRAM |
Sign up for ActionAlertsPlus.com today for exclusive insight into Jim Cramer’s charitable portfolio:
source
