Start the conversation
The Fab Five tech stocks were all down on Monday morning. That has some investors nervous, and certain experts have been encouraging it. David Stockman, former director of the Office of Management and Budget under Ronald Reagan, is predicting a 35% sell-off for the S&P 500.
Is Stockman right? Is it time for investors to hit the panic button? Money Morning Chief Investment Strategist Keith Fitz-Gerald joins Stuart Varney to weigh in. He also discusses General Electric Co. (NYSE: GE), whose CEO of 15 years will be stepping down at the end of the year.
Editor's Note: "Must-have" companies backed by Unstoppable Trends are a cornerstone of Keith's wealth-building strategy. But there's another type of investment he wants Money Morning Members to know about. It's one of his favorites, a kind of "desert island fund" he'd buy if he had to park his money in one place, "retire" from civilization for 20 years, and come back to a pile of money. Click here to learn more…