July 2011

When a crisis creates uncertainty, markets often become volatile, especially when the scope of the disaster isn’t clear. A crisis is like Janus, the Roman god with faces that looked forward and back. For some investors, it may represent a threat; for others, it may spell opportunity. Not every crisis requires a reaction; sticking to a long-term plan is still the best strategy for most people.

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Market Week: August 1, 2011

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