Stocks drop as fear grows - WALB.com, Albany News, Weather, Sports

Stocks drop as fear grows

Posted: Updated:
  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Albany teen seriously injured by hit & run driver

    Albany teen seriously injured by hit & run driver

    Tuesday, July 29 2014 4:02 AM EDT2014-07-29 08:02:54 GMT
    Albany Police searching for hit and run driver.More >>
    Albany Police searching for hit and run driver.More >>
  • Albany teen seriously injured by hit & run driver

    Albany teen seriously injured by hit & run driver

    Tuesday, July 29 2014 4:00 AM EDT2014-07-29 08:00:52 GMT
    Albany Police searching for hit and run driver.More >>
    Albany Police searching for hit and run driver.More >>
  • Worth Co. hosts open house

    Worth Co. hosts open house

    Monday, July 28 2014 11:24 PM EDT2014-07-29 03:24:37 GMT
    It's already back to school time for some south Georgia students. Classes start tomorrow in Worth County.On Monday afternoon, all the schools held open houses for parents and students.At Worth County elementary, families got to met the teachers and get acquainted with the school.The Principal says the staff is ready, and parents told us they appreciated the open house."We are just going to keep going strong with things that we have done in the past, we had a very successful school year last y...More >>
    It's already back to school time for some south Georgia students. Classes start tomorrow in Worth County.On Monday afternoon, all the schools held open houses for parents and students.At Worth County elementary, families got to met the teachers and get acquainted with the school.The Principal says the staff is ready, and parents told us they appreciated the open house."We are just going to keep going strong with things that we have done in the past, we had a very successful school year last y...More >>

By Len Kiese - bio | email

ALBANY, GA (WALB) - The economy continues to tumble and so does the stock market.  

For the second day in a row, the Dow closed below 7,000. That's the lowest in 12 years. Financial Advisor Sammy Smith, Junior says it's due to growing consumer fear and growing negative news about the economy.

People are pulling money out of stocks to prevent greater losses. "Hopefully things will continue to stabilize. That's what has to happen now. We had some stability the past few months but as time goes on and traders and analysts start looking at the budget and all that good stuff, you have a lot more fear to come in as the corporations start pulling out their earnings and all you hear is negative news," said Smith.

Some positive news--Smith says it's a good and cheap time to go ahead and buy into the market in small intervals if it's for the long-term.

He also says to make sure you have a diversified portfolio meaning a mixture of stocks, bonds and cash reserves.

Feedback


©2009 WALB News. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.