Herrmann Says Would’ve Been `Good Day’ to Buy Stocks: Video
May 6 (Bloomberg) — Conrad Herrmann, portfolio manager at Franklin Resources Inc., talks with Bloomberg’s Pimm Fox about the outlook for US stocks and the economy. US equities tumbled the most in a year on concern Europes debt crisis will halt the global recovery. The selloff briefly erased more than $1 trillion in market value as the Dow Jones Industrial Average fell almost 1000 points, a 9.2 percent plunge that was its biggest intraday percentage loss since 1987, before paring the drop.