Investors deal with stock shock - WALB.com, South Georgia News, Weather, Sports

Investors deal with stock shock

February 27, 2007

Albany--  A shock to the Stock Market Tuesday. Numbers plunged at an alarming rate.  

The Dow dropped a couple of hundred points in a matter of minutes and closed down more than 400 points. That's the biggest drop since June. Nasdaq had its biggest drop in more than three years.

The plunge followed a dramatic fall in the Chinese markets Tuesday morning. Analysts say that proves we're in a global economy and today's dip is natural after months of strong gains.

"It's a big deal and people are concerned but naturally it happens.  It ought not be a surprise to investors because it happens and they should not be surprised it showed up one more time," said AG Edwards and Sons VP and Financial Consultant Pat O'Lear.

O'Lear says this is a good time for investors to look at companies they're interested in to see if they pulled back to a good price.

feedback: news@walb.com?subject=StockShock

 

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