Preserve Cash During Low-Volume Week Waiting on Coronavirus Surge Information

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Dan Celia: Preserve Cash During Low-Volume Week Waiting on Coronavirus Surge Information

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Q1 2020 hedge fund letters, conferences and more

PHILADELPHIA - A shorter trading week due to the holiday could prove a welcome respite as investors catch their breath and balance portfolios following two 700-point drops in the market last week, according to nationally syndicated host and biblical investing authority Dan Celia.

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This Will Be A Low-Volume Week

“We haven’t had a lot of unusually heavy volume in the market, and this week is going to be a little bit lower volume than normal,” Celia said. “It’s probably the perfect week for that as we begin to see a whole lot of people just kind of waiting and seeing what is happening with the spread of the virus.

“Let’s preserve our cash. Let’s not put any new money to work in the market. We’ve got to let some of this dust settle from a second surge,” Celia continued. “And now we’re hearing some conversation around the fall/winter surge, which would be surge number three. It is not that hard to continue social distancing, wearing masks. I don’t know what’s so difficult about that, but we do have a lot of noncompliant people. I suspect if the virus continues to spread how some will say, we’ll have to watch things very carefully.”

Celia discusses these and other global and economic headlines on his daily, three-hour “Financial Issues program, heard on more than 660 radio stations and several television networks nationwide, including FISM.TV, viewed on several post-cable television platforms and online.

Read more about Celia, FISM and “Financial Issues” or visit the FISM website, its Facebook page, on YouTube at Financial Issues with Dan Celia or on Twitter @financialissues; download the FISM app here.

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Dan Celia is the CEO and President of Financial Issues Stewardship Ministries. Married to Registered Nurse, Yvonne, in 1980, Dan has two married daughters, is blessed with sons-in law who love the Lord, and has seven grandchildren. Dan has worked for 35 years as an entrepreneur and businessman, starting eight corporations and co-founder of two others. In 1999 Dan sold his Small Trust Company (managing over 900 million dollars) to go into Ministry. Dan has developed and uses a biblically-responsible system of financial management with great success. He started a radio ministry in 1997 as a part time ministry and has seen the Lord expand and bless this ministry to his current full-time ministry. Dan has interviewed newsmakers and pundits like Steve Forbes, Ben Stein, T. Boone Pickens, Tony Perkins, John Alison, Rayola Dougher API, Congressmen, Senators and Presidential candidates. He is proud of his partnership with the American Family Association where he serves as a board member. Dan is now on over 640 stations three hours daily, NRB TV, BizTV, Dove TV and CBN Life Style Network. Financial Issues is heard in every state in America and throughout the internet globally. Financial Issues has supporters from over 17 countries. Dan is a Regular Weekly Contributor to Townhall.com (the number 1 source for conservative news and analyzation). Dan has been a guest on Fox Business, Bloomberg, Salem Radio, Family Net, 700 Club,and many others . He is a conference speaker, author of six books, publishes a weekly newsletter and has been Executive Producer of several video productions and FISM TV is producing original family friendly content and other video projects all keeping with in FISM’s Christian world view.