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

Stocks drop as fear grows

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 This material may not be published, broadcast, rewritten, or redistributed.

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Making Marines: A full day at Parris Island

    Making Marines: A full day at Parris Island

    Thursday, March 30 2017 7:57 AM EDT2017-03-30 11:57:58 GMT
    (Source: WALB)(Source: WALB)

    WALB's Re-Essa Buckels got her first full day of Marine Recruit Depot bootcamp at Parris Island, South Carolina. Buckels was invited to attend Marine Corps Educator's Workshop to study how Marines are made. A Marine says "You have just taken the first step at becoming a member of the world's finest fighting force." Sixty educators, some from Jacksonville, some from Baton Rouge lined up on the legendary yellow footprints; the first place all recruits stop, be...

    More >>

    WALB's Re-Essa Buckels got her first full day of Marine Recruit Depot bootcamp at Parris Island, South Carolina to study how Marines are made. Sixty educators, some from Jacksonville, some from Baton Rouge, lined up on the legendary yellow footprints; the first place all recruits stop.

    More >>
  • Aspire focuses on emotional impact left by January storms

    Aspire focuses on emotional impact left by January storms

    Thursday, March 30 2017 6:57 AM EDT2017-03-30 10:57:16 GMT
    Aspire wants South Georgians to know that they are here to offer assistance (Source:WALB)Aspire wants South Georgians to know that they are here to offer assistance (Source:WALB)

    Aspire Behavioral Health and Developmental Disability provided an on-site clinic inside the American Red Cross Shelter located inside the Albany Civic Center to help those experiencing mental health issues. The group wants residents know that they're still available to help those in need.

    More >>

    Aspire Behavioral Health and Developmental Disability provided an on-site clinic inside the American Red Cross Shelter located inside the Albany Civic Center to help those experiencing mental health issues. The group wants residents know that they're still available to help those in need.

    More >>
  • Rainfall Gauge

    Rainfall Gauge

    Today: 0.00'": Monthly Total 1.21"; Normal for the Month 5.22"; Yearly Total 13.03"; -/+ Year to Date -2.52".

    More >>

    Today: 0.00": Monthly Total 1.21"; Normal for the Month 5.22"; Yearly Total 13.03"; -/+ Year to Date -2.52".

    More >>
Powered by Frankly