While the U.S. stock market's recovery over the past two trading days has soothed some investors, venture-capital luminary Roger McNamee, managing partner of Elevation Partners, isn't one of them.
After dropping 4.3 percent from its record high July 24 to its low Thursday, the S&P 500 has rebounded 1.7 percent.
But McNamee notes that geopolitical trouble abounds, from the military conflicts in the Mideast and Ukraine to the spreading Ebola virus and political paralysis in Washington.
Editor’s Note: New Warning - Stocks on Verge of Major Collapse
"It just seems to me that there is a lot of chaos in the world, and the rate of chaos is increasing a lot. That just makes me incredibly nervous," he told CNBC.
"I don't understand how you can have so much chaos and still have prices going up every day. . . . It doesn't change how I feel about individual stocks. It does change how much exposure to the market I want to have."
McNamee said he has cut his equity positions by about one-third during the past week, shifting to Treasurys.
Not everyone shares McNamee's concerns.
"There is some sense that geopolitical risk out there is waning, or at least the situation is better than the belligerent talk that was coming out in middle of last week," Bill Schultz, chief investment officer at McQueen, Ball & Associates, told Bloomberg.
"We’re at lower levels than we were two weeks ago, so there’s a better entry point if you look to add stocks to your portfolio."
Editor’s Note: New Warning - Stocks on Verge of Major Collapse
Related Articles:
© 2026 Newsmax Finance. All rights reserved.