Dow Falls By Record Number, Bounces Back

Experts Say No Reason to Panic After Market Correction

DULUTH, Minn. – Monday, the Dow Jones Industrial Average dropped by more points than any day in history, but that doesn’t mean it’s time to panic.

Though the Dow fell by more than a thousand points, it was only four and a half percent of the market.

Financial experts tell us yesterday’s plunge was a normal correction of the market, much smaller than some corrections of twenty points or more.

“I’m expecting a twenty percent drop sometime in the future. Does that mean it’s a cause of panic? No,” said Cory Binsfield, a financial advisor in Duluth. “Fear is your friend. So, whenever you get these big drops, it offers a great buying opportunity, especially a twenty percenter.”

“If you’re investing in a 401k or an IRA and you’re putting money in every month, you should be really excited right now that the market just fell because now you can go in and buy more shares of these great companies in America,” added Binsfield.

The Dow rebounded on Tuesday.