Keith Springer Quoted in Sacramento Business Journal

President of Capital Financial Advisory Services in Sacramento California Keith Springer Quoted in Sacramento Business Journal

Stocks dive on worries over Greek debt crisis

SACRAMENTO, Calif. (MMD Newswire) May 19, 2010 -- Keith Springer provides in-depth commentary and analysis on the recent international debt crisis and US stock market fluctuations.

According to Michael Shaw Staff writer for the Sacramento Business Journal, "Stocks reeled Thursday in what analysts said was a reaction to concerns about Greece's debt crisis, with the Dow Jones Industrial Average dropping by nearly 1,000 points at its worst, only to rebound and to settle at a drop of 347 points, or down 3.2 percent to 10,520."

Keith Springer, president of Capital Financial Advisory Services in Sacramento, attributed the plunge to uncertainty about whether Greece's financial problems would remain contained to that country. But he said "high-frequency trading" done by computers also contributed for the steep drop in the middle of the day -- as there were no bids for several stocks he was tracking.

"It's a good old-fashioned panic," Springer said. "Nobody really cares about Greece, but the concern is that if Greece goes, then Spain goes and if Spain goes then Europe and the UK."

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Keith Springer, President of Capital Financial Advisory Services, a SEC Registered Investment Advisory Firm, frequently provides commentary and analysis for various global and national media outlets. He has developed a proprietary process for successfully building tax-efficient retirement portfolios and has been providing specialty wealth management services for over 25 years.