Goshen News, Goshen, IN

Business

February 2, 2014

Investor anxiety growing

NEW YORK — January’s global sell-off in stocks has left many small investors more puzzled than panicked — and unsure how to act.

They’re holding on for now as prices continue to tumble, but their anxiety is mounting. The number of small investors who say they feel “bearish” soared last week, according to a U.S. survey. Some stock funds have been hit with their biggest withdrawals since 2012.

If more people start selling, it would reverse a new and surprising trend in some of the world’s biggest economies: individuals moving back into stocks after years of shunning them.

“I don’t know what to do,” says Ken Duska, a retiree in Mingo Junction, Ohio, who is sticking with his investment plan for the moment, though he’s not sure that’s wise. “After (the) upswing last year, it probably isn’t going to continue.”

Small investors around the world were on edge even before growing signs of a slowdown in China and plunging emerging-market currencies sent stocks sharply lower this week. They were fearful stocks had climbed too fast, and were overdue for a drop, after soaring by double-digit percentages in countries like the U.S., Japan and France in 2013. In the U.S., some stock bulls had been bracing for a drop of 10 percent or more, known on Wall Street as a correction. That hasn’t happened in more than two years.

Now, they have more cause to believe one may be at hand.

The Dow Jones industrial average has swooned 5 percent from a recent peak after investors became unnerved by reports of a manufacturing drop in China and economic mismanagement in countries like Argentina that sent the nation’s currency plunging.

“The question is, ‘Is this all of it, or is there significantly more to come?’” says Greg Sarian, a managing director at the Sarian Group at HighTower, a wealth advisory firm in Pennsylvania.

Text Only
Business
  • BIZ GN0417 spring planting image Spring planting starts slow ST. LOUIS — Most years about this time, northern Illinois farmer Monty Whipple, like so many Midwest growers, would be riding high in his monstrous planter, kicking up dust while sowing corn in hundreds of acres. But this spring has kept him sideline

    April 16, 2014 1 Photo

  • BIZ GN0416 401(k) fee image High fees hammer 401(k)s WASHINGTON -- It's the silent enemy in our retirement accounts: High fees. And now a new study finds that the typical 401(k) fees -- adding up to a modest-sounding 1 percent a year -- would erase $70,000 from an average worker's account over a four-d

    April 16, 2014 1 Photo

  • BIZ GN0413 tech talk column image 5 keys for businesses to succeed on Facebook With Facebook becoming such a normal and assumed part of daily life for the average American, most businesses recognize the value of using Facebook to increase their business visibility and brand reputation. Retailers and local businesses are no exce

    April 13, 2014 1 Photo

  • GN140412 new biz toy barn 01 Luxury, exotic car dealership set to open GOSHEN — Exotic car lovers in and around the Goshen area will soon have something to smile about with the arrival of the Toy Barn of Goshen, a certified pre-owned luxury and exotic car dealership set to open in downtown Goshen next month.

    April 12, 2014 1 Photo

  • Drew Industries sells extrusion division ELKHART — Drew Industries, through its subsidiary Lippert Components, has entered into a six-year contract to obtain extruded aluminum from Atrium Windows and Doors, which includes selling Lippert’s extrusion assets to Atrium. Atrium is based in Dal

    April 11, 2014

  • BIZ GN0411 frozen food campaign image Frozen food makers plan PR push as sales slip NEW YORK — Frozen foods are about to get some badly needed image therapy. With sales slipping in the category, frozen food makers are in the final stages of preparing a major public relations campaign to defend the nutritional reputation of their pro

    April 10, 2014 1 Photo

  • BIZ GN0410 twitter image Twitter tweaks website to attract new users NEW YORK — As Twitter looks to broaden its appeal beyond its 241 million users, the company is introducing a redesign of profile pages that includes bigger photos, more user controls and a distinct resemblance to Facebook. "Moment by moment, your Twi

    April 9, 2014 1 Photo

  • NWS GN0409 bacon virus image Killer virus boosts bacon prices MILWAUKEE -- A virus never before seen in the U.S. has killed millions of baby pigs in less than a year, and with little known about how it spreads or how to stop it, it's threatening pork production and pushing up prices by 10 percent or more. Estim

    April 9, 2014 1 Photo

  • NWS GN0409 lt gov visits image Lt. Governor: LaunchPad 'cool' GOSHEN — Sue Ellspermann liked what she saw in downtown Goshen. “What a cool space!,” Indiana’s lieutenant governor enthused Tuesday afternoon. Ellspermann paid a visit to LaunchPad, a business incubator on the second floor of the Goshen Chamber of C

    April 8, 2014 1 Photo

  • BIZ GN0407 digital life image Ups and downs with Google Glass apps NEW YORK -- Google Glass is like a fickle friend. Surprises await, such as the time it took a photo of my ceiling while I was making carrot and ginger soup. I've been using Google's Web-connected eyewear over the past few months. Spending a day tryin

    April 7, 2014 1 Photo

Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
AP Video
Disbanding Muslim Surveillance Draws Praise Hundreds Missing After South Korean Ferry Sinks Passengers Abuzz After Plane Hits Swarm of Bees Boston Bomb Scare Defendant Appears in Court Pistorius Trial: Adjourned Until May 5 Diaz Gets Physical for New Comedy Raw: Ferry Sinks Off South Korean Coast Town, Victims Remember Texas Blast Freeze Leaves Florida Panhandle With Dead Trees At Boston Marathon, a Chance to Finally Finish Are School Dress Codes Too Strict? Raw: Fatal Ferry Boat Accident Suspicious Bags Found Near Marathon Finish Line Boston Marks the 1st Anniversary of Bombing NYPD Ends Muslim Surveillance Program 8-year-old Boy Gets His Wish: Fly Like Iron Man Sex Offenders Arrested in Slayings of CA Women India's Transgenders Celebrate Historic Ruling Tributes Mark Boston Bombing Anniversary Raw: Kan. Shooting Suspect Faces Judge
Poll

Goshen City Council member Dixie Robinson is asking residents to make an effort to clean up their yards this spring. The city’s Dial-A-Truck program is available to haul trash away. Do you think there are more unsightly properties in Goshen this year than five years ago?

Yes, I have noticed more problem properties
No, I have not noticed more problems
I think the problems are about the same as always
     View Results