Stock Market Plunge not as bad as some say - WALB.com, Albany News, Weather, Sports

Stock Market Plunge not as bad as some say

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • LIVE: Salmonella outbreak trial coverage from Albany, GA

    LIVE: Salmonella outbreak trial coverage from Albany, GA

    Friday, August 1 2014 8:37 AM EDT2014-08-01 12:37:45 GMT
    The federal courthouse in Albany, GAThe federal courthouse in Albany, GA
    The trial of three people charged in a deadly salmonella outbreak linked to a peanut plant in Georgia began Thursday.More >>
    The trial of three people charged in a deadly salmonella outbreak linked to a peanut plant in Georgia began Thursday.More >>
  • Shoppers fire up for tax free holiday

    Shoppers fire up for tax free holiday

    Friday, August 1 2014 8:33 AM EDT2014-08-01 12:33:07 GMT
    Calculators, spirals, backpacks...just a few essentials for back-to-school shopping and with a bonus of a tax free holiday, shoppers will be scrambling to snag the best deals. More >>
    Calculators, spirals, backpacks...just a few essentials for back-to-school shopping and with a bonus of a tax free holiday, shoppers will be scrambling to snag the best deals. More >>
  • Stores gear up for Tax Free Weekend

    Stores gear up for Tax Free Weekend

    Friday, August 1 2014 5:18 AM EDT2014-08-01 09:18:42 GMT
    Retail stores in South Georgia are gearing up for the tax free holiday weekend.More >>
    Retail stores in South Georgia are gearing up for the tax free holiday weekend.More >>

July 27, 2007

Albany - That so called stock market nose-dive yesterday wasn't really that bad. That's the word from a financial advisor in Albany. Bo Johnson with Wachovia Securities financial network says the more than 300 point drop of the Dow Jones Industrial yesterday was only about a 3% dip.

Plus he says there were still more buyers than sellers playing on the market and that's a good sign, so don't worry about cashing out your 401K and other stock options. A 400 point drop in the market these days is not much.

"A 400 drop 20 years ago, was significant. In fact, in 1987 when the market crashed, right around 500 points, that was a much larger percentage in the market, but now a 400 point drop is not much at all."

Johnson does expect there will be more resistance of the market since the Dow Jones and the S&P are both at near record highs. If you're worried about your investments, don't make impulsive decisions, call your advisor.

comments: news@walb.com?subject=StockMarketDip