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Fed's Fisher says not time for investors to panic
WICHITA FALLS, Texas. |
WICHITA FALLS, Texas. Oct 6 (Reuters) - Federal Reserve Bank of Dallas President Richard Fisher said now was not the time for investors to panic in financial markets and that there were opportunities.
Speaking to KFDX-TV before a speech here, Fisher acknowledged that there was a retrenchment going on in financial markets as investors shun risk and seek safer havens for their money.
"There is a retrenchment from the great excesses we've had," he said. "There is a correction. I don't think it's time to panic."
Fisher said that good investors know that there are investment opportunities in distressed financial markets and know how to take advantage of those.
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