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Impeachment and the Stock Market

A lot of people are nervous about the stock markets after the latest drama with the President and the potential for his removal from office. After Speaker Nancy Pelosi announced that the House would launch a formal impeachment inquiry in response to the President’s dialogue with Ukrainian president Volodymyr Zelensky concerning former VP Joe Biden’s son, the US markets quickly fell. Investors were shaken by the potential of removal of President Donald Trump from office. By the time the closing bell rang, most sectors in the US were in the red after starting the day in the green. How does this process work and what history do we have to draw on for past performance of the stock market during impeachment proceedings? The answer to the former I can lay out for you, the answer to the latter is a bit harder to gather answers from. From October 1998 to February 1999, stocks rose despite the Clinton impeachment. But the ...

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Do this with your 401(k) as the market tanks

There’s one market correlation you can count on: When the markets plummet, calls to 401(k) plan providers go up. If you’re like a lot of people, you’re also reaching for the phone — or just looking for reassurance that your nest egg will still be OK. Read full article here: https://www.cnbc.com/2019/08/05/what-experts-say-you-should-do-with-your-401k-as-the-market-tanks.html ...

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What To Do With Your 401(k) As The Market Gyrates

The markets are poised to cap off a rocky week on Wall Street with, yes, more volatility. So, should you turn everything in your 401(k) retirement plan into cash ? Financial advisors have one message for you: Don’t panic. That holds true even as the Dow Jones Industrial Average has had three-digit swings throughout the week. The stock market index plummeted more than 500 points at one point on Friday. Meanwhile, the S&P 500 index dropped as much as 2.2 percent and flirted with correction territory. show chaptersAIG Retirement CEO on how market turmoil can affect your retirement    5 Hours Ago | 04:02 Despite the scary headlines, these are signs of a healthy market, said certified financial planner Scott Hanson, founder and senior partner at Hanson McClain Advisors. “The market has to go through this sort of thing,” Hanson said. “The longer we go without volatility, the more nervous I become. I almost welcome a bit of this shaking out.” ...

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