Dan Celia: Weekly Market Trends, China’s Bankruptcy, and the Afghanistan Crisis

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Dan Celia: Weekly Market Trends, China’s Bankruptcy, and the Afghanistan Crisis
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PHILADELPHIA – Nationally syndicated host and biblical investing authority Dan Celia discussed this week’s market trends, the potential issue with China’s bankruptcy, and the situation with Afghanistan and American borders.

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Weekly Market Trends

Celia stated, “Tuesday was certainly an interesting day in the markets. At one point, the Dell was up over 300 points. The S&P was up as well. They both finished a negative territory, but not by a lot. Once again, the NASDAQ did eke out a bit of a gain, almost a quarter of 1%, to finish in the green, as did the Russell 2000, which is the index of small caps.

China's Bankruptcy

“Everybody is talking about what's going on in China. All the analysts yesterday were claiming it was merely a problem with China and the bankruptcy of their big real estate trust. The markets are at a point where they're looking for every excuse possible for down days without saying that the total dysfunction in Washington is only going to get worse, which will only make the economy worse, followed by making the markets worse.”

The Afghanistan Crisis

Celia further commented, “Millions of people are crossing the border again, which is impacting markets and overall cost to the government. The situation with Afghanistan is very negative positioning for the United States. People are watching the U.S. continue to get weaker and weaker. Consumer sentiment is down, and FedEx numbers were not good. They talked about their wage inflation, not to mention a lack of workers. There are many excuses that we are likely to continue to hear, but the one thing we know we won't hear is anything about the ineptitude of this administration.”

Updated on

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.
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