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SAN DIEGO (KGTV): Wall Street set a record last week for the longest "Bull" run in US Stock Market history, topping 3,400 days of growth. Now, financial experts are saying it won't last forever and advising clients to prepare for a downturn."You have to expect at some point, we're due," says Dennis Brewster of SagePoint Financial. "I think everybody's almost forgotten, look at earlier in the year, how sharp the markets broke back in February. So it wouldn't be unusual to see any of those declines coming up later this year or early next year."Brewster says he doesn't expect anything as drastic as 2008, but he still says investors should take a few steps to safeguard their earnings and even make the downturn work in your favor.A lot of it, he says, depends on how close you are to retirement."When you look at the year to year returns, they're all over the board. When you look at the 20-30 year returns they're very close," says Brewster. "If you're younger and have 20-30 year horizons, the day to day gyrations are almost noise to you. But if you're getting closer to retirement or in retirement, then you have to be more careful."'Brewster looked up numbers from the S&P 500 for the last 20 years. He says someone who invested ,000 in 1998 would have lost about ,300 after the crash in 2008. But if they kept their money in until 2018, that same ,000 investment would now be worth more than ,000.He says older investors should be more conservative with their portfolios. Younger investors should increase how much they invest if the market falls, to take advantage of lower prices.As for when the correction could come, Brewster says it's too tough to predict. But he says to watch out for "triggering" events that could rattle the market, some of which may already be happening. Things like trade wars or the Federal Reserve spiking interest rates could be the kind of thing to end the Bull Run."It always goes higher than you think and lower than you think," he says. "You can't ignore it, and you try not to get swallowed by it." 2072
SAN DIEGO -- The San Diego County Board of Supervisors has voted to support the Trump administration’s lawsuit against California’s sanctuary laws.The board voted 3-1 Tuesday afternoon to support the lawsuit. The board directed that the County’s attorney to file an amicus brief supporting the federal lawsuit.The deadline to file a brief passed, so Chairwoman Kristin Gaspar said the earliest the county can file a brief is if the ruling is appealed to a higher court.RELATED: Escondido City Council votes to support sanctuary policy lawsuitSupervisor Greg Cox was the only one opposed to supporting the lawsuit. Supervisor Ron Roberts wasn’t present for the vote.Among the laws targeted by the legal action is SB 54, which limits cooperation between local law enforcement and federal immigration authorities.Supervisor Dianne Jacob led public opposition to the laws and said she agrees with U.S. Attorney General Jeff Sessions that they are unconstitutional and undermine public safety.RELATED: Justice Department to sue California over 'sanctuary' laws 1093
SAN DIEGO, Calif. (KGTV) - The gradual reopening of San Diego beaches continues the week of June 8. Parking lots are next on the list to reopen.Starting Monday, June 8, park and water use are open at East and West Mission Bay Parks with no restrictions. Mission Bay parking lots are open. Fiesta Island is open to pedestrians, dogs and cyclists as of June 8 but will not open for cars until July 6.Starting Tuesday, June 9, all San Diego piers and boardwalks are open. Plus, San Diego beach parking lots are open with no restrictions.Friday, June 12, Balboa Park Central Mesa opens, along with Balboa Park parking lots.While beaches are officially open for both active and passive activities, social distancing should still be practiced, meaning people should only sit near people who they live with. Sporting activities like football and volleyball are not allowed on beaches yet.There are nine permanent lifeguard stations in the San Diego Area, including Ocean Beach, South Mission Beach, Mission Beach, North Pacific Beach, Pacific Beach, Children's Pool, La Jolla Cove, La Jolla Shores and Black's Beach. 1117
SAN FRANCISCO (AP) — A gunman suspected of killing a Northern California police officer who pulled him over to investigate if he was driving drunk is in the country illegally, authorities said Thursday.Stanislaus County Sheriff Adam Christianson said detectives identified the suspect in the slaying of Cpl. Ronil Singh of the small-town Newman Police Department but didn't release his name. The attacker is still on the loose, and he said authorities searching for a second day believe he's still in the area and is armed and dangerous."This suspect ... is in our country illegally. He doesn't belong here. He is a criminal," Christianson said at a news conference.President Trump weighed in on the issue on Twitter.There is right now a full scale manhunt going on in California for an illegal immigrant accused of shooting and killing a police officer during a traffic stop. Time to get tough on Border Security. Build the Wall!— Donald J. Trump (@realDonaldTrump) December 27, 2018 992
SAN DIEGO (KGTV)-- Thousands of people got their vaccinations Saturday, to kick off this year's flu season. The vaccination event was held at four Kaiser Permanente locations in San Diego County.For Byron Frohm, a trip to Kaiser Permanente in Mid-September is an annual tradition. "I can't think of any reason not to get it," Frohm said. The reason he does get the flu shot is his perfect, 40-year flu-free record. He says the vaccinations help him ward off the dangerous bug. "This virus is very strong," Shreya Chandra, MD. said. "It is hitting our community, and getting the vaccination really is prevention."Last season, health officials recorded 77 deaths in San Diego County. In the 2017-2018 season, there were 343 deaths. This was the highest number of fatalities since the county began tracking flu data nearly two decades ago. Already this year, there has been one confirmed flu-related death. The county said a 74-year-old Chula Vista man died August 15, 2019, due to complications from Influenza B. All the more reason for 76-year-old Frohm to stick to his regimen. "At my age, I'm probably more susceptible," Frohm said. Other high-risk groups include pregnant women, people with asthma, diabetes, and other illnesses. Some symptoms of Influenza include high fever, severe body aches, nausea, sore throat, and fatigue. This could last up to two weeks. Many people mistake the signs to that of the common cold. Doctors say many people who have the flu do not show any symptoms. But they can still spread the illness."I can still carry it and pass it on to elderly parents or people who can potentially get really sick from this virus," Dr. Chandra said. That is why Dr. Chandra strongly recommends the annual vaccine. She believes the best treatment is prevention. "We have State-of-the-art care and medicine. We live in San Diego. But the point of this vaccination is that we never need State-of-the-art care. You never get sick in the first place," Dr. Chandra said. 1990