Gold prices notched their largest quarterly gain in 3 decades, showing that worries about the markets and the economy continue despite a 6 week-long rally in stocks, bonds and commodities.
As the broader mortgage market remains in the doldrums, banks are again touting home-equity lines of credit, which allow homeowners to draw down the equity in their home as they need the cash, as well as cash-out refinances, which involve taking cash out of a home while refinancing and ending up with a larger mortgage balance.
Investors in or approaching retirement are among those who have the most to lose in a bear market. Their investment horizons might not be long enough to recover from the losses. But how long must your horizons be to have a rational expectation of recovering from a bear market?
Listen in for much more in A Wall Street Wrap-up.
