08/09/11

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Cliff In The News: Cliff cited in Reuters

Our president, Cliff Draughn was cited today in a Reuters article about the tumultuous last couple days in the market. Read the full article here.

Cliff is quoted near the beginning of the article saying:

“You had a cataclysmic sell-off in the marketplace,” said Cliff Draughn, president and chief investment officer at Excelsia Investment Advisors in Savannah, Georgia.

“You are technically way oversold and secondly, this whole thing has been political.”

Cliff is also referenced later in the article declaring:

Analysts were conflicted over what to expect from the statement, as some were unsure what action, if any, the Fed has left at its disposal.

“He’s damned if he does and damned if he doesn’t — he’s in a no-win situation this afternoon,” Draughn said.

Want to read the whole article? Click here.

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