Curtis D. Sharp
Executive Officer for Denominational and Public Relations
214-720-2127
Curt.Sharp@GuideStone.org

Updated 10/22/08: Market swings shouldn't panic investors

October 22, 2008

DALLAS — The Dow Jones Industrial Average, responding to soft corporate earnings, dropped an additional 514 points Wednesday. This came on the heels of Tuesday’s sell-off and Monday’s rally. Traders reacted to growing fears of a of a slowing global economy. Weak third quarter earnings and falling oil prices drove the Dow Jones 5.7 percent lower. The Nasdaq was off 4.8% and the S&P was off 6.1%.

While Wednesday’s market performance may be disheartening for stock and stock mutual fund investors, it’s important for long-term investors to rely on their investment strategies, and not make decisions based on short-term market changes, good or bad.

Read more about how investors should respond to this volatile market.

Word Version: Updated 10/22/08: Market swings shouldn't panic investors