Advisers tested by spike in market volatility

financial-advisor-nyc

Financial advisers are confronting the possibility that nearly six years of a generally rising stock market has given way to a climate far less forgiving of complacency.

Six days of rollercoaster trading after Oct. 8 almost completely erased the S&P 500 index's gains for the year (which, as of last month, were close to 9%) as weak estimates of global economic activity pointed to a naggingly slow recovery from a recession that began in 2008 and still haunts financial markets. Another dose of worry and uncertainty was added as public health officials fought an Ebola outbreak.

Read the entire article at Investment News.