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

Updated 10/29/08: Market swings shouldn't panic investors

October 29, 2008

DALLAS — Stocks rallied Tuesday on expectations that the Federal Reserve would cut interest rates. (The Federal Reserve cut the federal funds rate by a half percent on Oct. 29). The Dow Jones Industrial Average had its second-largest point gain in history Tuesday, rising almost 900 points, or almost 11%. The Nasdaq market was up 9.5% and the S&P 500 was up almost 11%.

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

While Tuesday’s market performance may be riveting 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 10/29/08: Market swings shouldn't panic investors