Ken Griffin Says Dow Drop ‘Modest’ as Geithner Looks Back on ’08
- Both are honored at gala for Museum of American Finance in NYC
- Griffin says more defensive investing, less ‘frenzy’ is good
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Organizers of the annual gala for the Museum of American Finance said they were glad it hadn’t been scheduled for Monday, when the Dow plunged 1,175 points. Instead, on Tuesday at Cipriani Wall Street, guests opined on the stock market with a day’s perspective.
Ken Griffin said the drop was a "modest correction in what has been a fairly frothy stock market," and it’s "probably constructive" because it will change how investors behave.