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Springer Financial Advisors President Keith Springer Quoted In The Wall Street Journal

Guest post by: Keith Springer

Article Overview: Keith Springer is quoted in the Wall Street Journal on the impact of the European debt crisis ups and downs on the US stock market.

Springer Financial Advisors President Keith Springer Quoted In The Wall Street Journal



US Stocks Rise On Hope Europe Debt Crisis Closer To Resolution

SACRAMENTO, Calif. Oct. 28, 2011 - Keith Springer is quoted in the Wall Street Journal on the impact of the European debt crisis ups and downs on the US stock market.

According to Jonathan Cheng, reporter for the Wall Street Journal, the stock market "slide into negative territory amid discouraging headlines about progress on the European debt crisis." Then they went up, "more than 100 points to the day's highs after reports that China would invest in Europe's bailout fund."

"The market is emotional, and it just wants to be comforted so that it can focus on what's important, and that's U.S. earnings," comments Keith Springer, financial radio host of Smart Money with Keith Springer, and president of Springer Financial Advisors based in Sacramento, CA. He says that stocks' ability to hold their ground even without a clear resolution on Europe may have signaled the continued strength of the U.S. stocks.

Mr. Springer said, "You can see that the market wants to go higher on the basis of these earnings, but the market has to just get Europe off its face."

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Article Tags: Keith Springer, Smart Money, Springer Financial Advisors, US Stocks, Wall Street Journal, wealth management



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