Brokers’ Choice of America, BCA is committed to keeping you up to date with the major changes that effect our marketplace. What can we say about the last three days except for WOW!
Here’s a recap:
- S&P lowered its rating on the U.S. long-term debt by one notch on Friday — the first such downgrade in history. The rating agency said that it lacks the confidence that our political leaders will take the steps necessary to avert a long term fiscal crisis.
- Monday the Stock Market plunges and we see the worst drop since 2008.
- Wall Street is now heading into a “bear” market territory, and today we see nearly a 6.7 per cent decline -bringing the S&P 500 index to more than 18 % off its high for the year. 18% !
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Investors fleeing to “safe havens” of Treasuries and gold.
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Gold rose to a record $1,720 per ounce – a new all time high.
Now is the time for you to be proud that you specialize in insurance products that offer consumers safe money options that can help protect their retirement nest egg.
