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Release: Immediate


Reporters and editors looking for commentary on the volatile U.S. stock markets can contact the following University of Iowa experts:

Timothy Loughran, assistant professor of finance and an expert on stock market trading, can be reached at (319) 335-0882.
Loughran noted that the Russian financial crisis is affecting stocks across the board, including technology stocks that shouldn't be affected by foreign markets. However, he cites recent volatility in the markets showing that the Dow could stage a rally at any time.

William Albrecht, professor of economics and former commissioner on the Commodities Futures Trading Commission, can reached at (319) 335-3125.
Albrecht says that an overall feeling of nervousness about the global markets is helping drive stocks down. He cites continuing worries in not only the Russian markets, but in Asian markets as well being reasons for investors to be scared.
Albrecht also commented on the weaknesses of South American currencies. He said Venezuela has some very serious problems, but there are no adverse signs to make other South American countries currencies fall, other than nervousness about global markets as a whole.

Lola Lopes, associate dean for undergraduate programs for the College of Business Administration, can be reached at (319) 335-1037. She is currently doing research on the psychological aspects of how people evaluate risks under pressure. In light of the current turmoil on Wall Street, she said that her research has shown that people might be looking for the positive aspects.
"When there is a lot of focus on the worst happening, there is often a shift where people have a goal of having something good happen and not having personal losses get worse," she said. Lopes added that many people with long-term investing goals might have the ability to ride out the short-term risky market.

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