Brightbridge Wealth Management Headlines: Investors fear stock markets haven’t hit bottom

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 27, 2011 -- http://www.bizjournals.com/dayton/news/2011/08/04/dow-stocks-down-1300-points-in-2-weeks.html

With the Dow Jones Industrial Average down 513 points on Thursday, it capped off a two week run of bad days that have left the major Blue Chip stock index down 1,341 points since July 21.
The Dow closing down 512.76 points to 11,383.68 will rank as one of the Top 10 worst single-day point drops in the stock index’s history, and has left many financial experts asking if the worst is yet to come.

Some analysts are questioning whether Wall Street’s expectations for corporate earnings for the third quarter are too high and may have to be pulled back. If that happens, it could be a wave of negative news that drives stocks down lower.
Bruce McCain, chief investment strategist at Key Private Bank, told MarketWatch that investors are worried about how to “get out of this roller coaster of the relentless onslaught of bad news.”
“We’re just worrying ourselves to death,” McCain told the online news site.
Bill Stone, chief investment strategist atPNC Financial Services Group , told the Associated Press that investors continue to be bombarded by worries about the global economy.

And Sam Stovall, chief investment strategist at Standard & Poor’s , told the New York Times that stock markets are now in correction mode, and that there could be “another couple of weeks to go before it bottoms.”

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