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

Updated 10/14/08: Market swings shouldn't panic investors

October 14, 2008

DALLAS — The Dow Jones Industrial Average made its biggest one-day point gain ever Monday, Oct. 13, rising almost 940 points, or 11%. The S&P 500 and Nasdaq markets grew by more than 11.5% each.

This marked the first trading day gains in more than a week on the markets, battered by the credit crunch. The stage was set for the market rally by reports over the weekend that many countries — including the United States — would seek stock in troubled banks.

While Monday’s rally was good news, there is no guarantee the market has ended its cycle of volatility. 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 10/14/08: Market swings shouldn't panic investors