After months of stock market surges, the past week has seen tremendous gains and declines, with the worst-ever single-day drop of the Dow Jones Industrial Average. People are seeing their 401Ks and investment portfolios take significant hits, then slowly rebound, only to fall again. Creighton University economist Ernie Goss says more rollercoaster rides are likely.
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Such investments are typically for the long-term and Goss says people need to think things through carefully before reacting. Let it ride, he says, unless you’re planning to retire soon.
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Market “corrections” are normal, Goss says, and don’t be surprised to see the markets bounce.
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