Allman Analysis: Managing Your Money Through Market Ups, Downs
ST. LOUIS —
Stock markets in the U.S. and abroad saw major losses Friday and Monday, but the drops followed a record-breaking year of rises too. It just goes to show that the markets always don't just go in one direction, so The Allman Report brought in financial guru Juli Niemann from Smith-Moore to talk about what's going on with the markets and the economy in general.
Niemann says that while its easy for people to point to the presidents they like or hate when the stock markets rise or crash, the reality is that their policies take about 2-3 years to be felt in the economy and in the market. She also says that the increase in jobs are due to companies needing to hire people to manufacture or do other necessary things for their businesses to be successful. Niemann says no businesses hire people based on optimism.
Niemann also says that companies bringing back cash they've stashed overseas for the last near-decade will probably use that money for stock buybacks and CEO bonuses, not necessarily to hire new employees. She also talks about how stock trading has evolved into computerized algorithms that do the work people did just a few years ago.
WATCH the Video Clip for the Full Interview, ONLY on The Allman Report on ABC 30 St. Louis