Chad Morganlander, Portfolio Manager at Washington Crossing Advisors, discusses how markets will perform this week following big losses last week.
Morganlander says we will see much more volatility as we fully enter correction mode. He says the credit market will be one of the most important markets to keep an eye on. Investors should officially become concerned when the credit market dips severely.
Morganlander estimates we will see strong growth in earnings here in the U.S. and in Europe. His advice for young people is the same as it was a week ago when the volatility was just beginning: pick stocks that you like and go long.