Baltimore Financial Firm Stays True

This is an exceptional opportunity for equity investing,so long as you have a long term horizon,according to Legg Mason CEO Mark Fetting.Is this the time to sell your house-in the midst of the storm?Stay true to a strategy over the long haul.
The downgrade was really a catalyst,a rollback of expectations.That's what corrections are about.We're moving into a show-me period.There are still fundamentals that tell me we're not in a recession.
Gold is more of a factor now as an alternate currency.This sends a signal of lower for longer without needed changes.Let's show that we can lead constructively.That's what the markets want,Mr.Fetting observed.
His colleague Wayne Lin said they're waiting for a little more rationality in the market.You typically see a large spike in volatility,followed by a slow comeback.It's an issue of having a discipline and a very good sense of what your investment time frame is.Building a position over time makes sense at this point.
Treasuries do not adjust with inflation,except for TIPS,or Treasury Inflation-Protected Securities.Equities adjust upwards with their returns and dividends,the portfolio manager Wayne Lin pointed out.
Legg Mason,Inc. is a conglomerate of branded asset manager affiliates,each with a specialized expertise.They are supervised and supported by the Baltimore,Maryland world headquarters.
Legg Mason(LM)