Curtis D. Sharp
Executive Officer for Denominational and Public Relations
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Curt.Sharp@GuideStone.org

Updated 11/6/08: Market swings shouldn't panic investors

November 6, 2008

DALLAS — Stocks pulled back Wednesday from their Election Day gains. The Dow Jones Industrial Average fell 491 points, or just over 5%. The Nasdaq market was off a little more than 5.5% and the S&P 500 was down 5.27%. Analysts speculated investors were more tuned into soft economic data now that the election was concluded.

Wednesday’s drop was the latest swing that has seen the market make record point jumps and drops since early September.

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 11/6/08: Market swings shouldn't panic investors