WBZ's New England Business

How you should approach the Bear Stearns mess

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Play from 0:48[0:48] ..." well publicized. We have. Television or radio program is dedicated to the stock market now that we can have changed when he thirty years ago."...

Play from 1:17[1:17] ..." happened -- The but that -- meeting again they may lower the interest rate hopefully that would stimulate the market for lending. But all of the large investment banks are having problems right now even -- Goldman Sachs which was not involved in the sub prime mortgage was down 6% sell it hurt mentality. So it is really get sit tight situation if you'd begin to cellular going to"...

Play from 0:00[0:00]" What is your place for investors for a one case or or personal investors. What they should do in this uncertain atmosphere."

Play from 0:08[0:08]" Offering nothing. I know that out Craig -- Unless they planned to help because they need the money next week to buying you out or put it down payment on -- and how it first started it it picture to -- different nations start selling -- making. That affect their overall portfolio if they have -- and P 500 index fund that's because there are RD at 500. So it'd affect our. Stock holdings our portfolio but what should we do about it. We shouldn't help we shouldn't panic we ardery session. It any worse than other recession I'm not sure I do note that it well publicized. We have. Television or radio program is dedicated to the stock market now that we can have changed when he thirty years ago."

Play from 0:58[0:58]" Now if people know that they are in it invested in. These types of local banks these types of those investments should they start moving investments around now or just to watch what happens."

Play from 1:10[1:10]" I don't think patients start moving in essence are not think it's -- aggregate think it is so watch situation see what happened -- The but that -- meeting again they may lower the interest rate hopefully that would stimulate the market for lending. But all of the large investment banks are having problems right now even -- Goldman Sachs which was not involved in the sub prime mortgage was down 6% sell it hurt mentality. So it is really get sit tight situation if you'd begin to cellular going to take major losses if you -- older Bear Stearns market has some major losses in mean. Stock is worth two dollars today -- Friday was worth thirty week ago was worth sixty a year ago was worth 160. It's really not. You know. You know not -- you know you you're perfect bite you don't have all your eggs in one basket -- don't want happening more than 10% at any stock. It into stocking your portfolio even worked for a company you don't want more than 10% because something active and"

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