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Article: Take a deep breath and repeat: the sky is not falling, the sky is ... stock stress understandable, but pay attention to possible opportunities, planners say.
- Article from:
- The Mississippi Business Journal
- Article date:
- July 21, 2008
- Author:
CopyrightCOPYRIGHT 2008 Dolan Media Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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No joking about it, it's a bear out there. In June the U.S. stock market dropped 10.2%, the biggest loss for the month of June since the 1929 Great Depression. With the market down about 20% since October 2007, that is a lot of grief and stress for investors as $2.1 trillion in stock value has been lost.
Financial analysts recommend taking the long view, relying on historic averages that show over the long term the stock market will rebound. Still, they acknowledge it is a tough and anxious time for investors.
"Investing during bear markets can be treacherous, but it offers great opportunity for those willing to deal with the volatility," said Ashby M. ...