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Don’t panic: How I learned to stop worrying and love the stock market

Wall Street is hypnotic these days, isn’t it?

It’s up, then it’s down, then it’s WAY down, then it’s up, then it’s down, then it’s way, WAY down. Over the past five days, the Dow Jones Industrial Average has lost 163 points, 358 points, 531 points, 588 points, and 205 points.

Dizzying, isn’t it? It’s enough to drive someone insane.

So quit watching.

Seriously. If you’ve got cash in the stock market, quit paying attention. This isn’t the end of the world. In fact, if you keep pumping cash into your accounts, this chaos could end up playing to your advantage.

That’s what good financial advisors are telling their clients, anyway.

The worst thing you can do at a time like this, advisors say, is panic. This is nothing that time and a little patience won’t cure.

In fact, almost every piece of investment advice I’ve seen lately says the same thing: Stay the course. Don’t panic. Soldier on.

Here’s what I’m hearing. What do YOU think?



Bill Sheridan