Think The European Debt Crisis Doesn't Affect Your Clients? Think Again. Hot

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A recent survey conducted by Spectrem compares how mass affluent and high net worth investors rank the impact of the European debt crisis on their portfolios. Last week’s downgrading of Greek debt by Moody’s to the lowest possible status may start a new contagion as other countries debt ratings come under review.
Despite the fact that the Dow is surging past the 13,000 mark, the weight of the European crisis still looms. The globalized marketplace no longer simply means that what happens in American markets will spread to other markets across the globe; it also means that whatever happens in global markets will affect American markets.
So, even if investors decide to pull or lighten up on their international holdings, the European markets will still have an impact on investment strategies. Advisors today have no choice but to stay current on what is happening in both domestic and global markets for the good—or ill—of their client portfolios.

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