2009年第一季度的经济走势（英语听力材料）.docVIP

2009年第一季度的经济走势（英语听力材料） 音频下载[点击右键另存为] What about early 2009, the first quarter of 2009? What are your expectations for that? What does it look like? How are you advising your clients? Because it seems like we have been really sort of testing the lows lately. We haven’t seen the 700 points swings in recent weeks like we saw just a few months ago. I mean it seems like there’s a bit of calming here. What is the 2009 bringing? Is there really a new chapter for the market? It will be a new chapter for the market. I think we are coming to January, and you typically see a January effect meaning that you get a fresh batch of 401K money that gets largely put into the marketplace, that would probably happen again. We will probably see a stabilizing in energy prices, that’s gonna be a positive. You know, the precipitate sell-off energy prices has been tied to the global economic slowdown, and probably very overdone. So I think that is gonna be another key theme as we come into the first quarter of next year. In large part we will hear a whole lot more in the February March time frame about fiscal stimulus. What it’s gonna look like and who it’s gonna impact and how quickly we get that move forward, that’s gonna be very important in the first quarter of next year, but in terms of what to tell investors, this is a time to start looking at your portfolio, January is always a time a sort of reset. Look at your exposure to equity markets and see if it is appropriate what your the risk level is. A long-term investor is gonna see some great bargains in the first half of next year if we get any sort of recovery in this economy in the fourth quarter of next year. Yeah, it is gonna be time to start looking at stocks again with a fresh view towards an improving economy. Where do you think those good bargains are right now and in early 2009? Where should people be looking in? And where should they not be looking? Well, you should not be looking at consumer discret