Transcript for US Stock Market Falls Again Due to China Fears
We continue to fall breaking news this afternoon another rough day on Wall Street stocks plunging after dismal economic data out of China. The Dow closing down 469. Point. This is big news joining us IBC's business correspondent Rebecca Jarvis you've been busy for all the wrong reasons lately and good to have you make time for us to they saw how mortgage retreat. Well I think the bottom line for people and it's very natural for people to be afraid it's very natural to see it day like this. And think what's happening to my retirement but you want to put that into perspective if you look at the last five years if you think about where the market has come it's up 60% so if you put a thousand dollars. Into the market five years ago you were still up after a day like this up 600 dollars you have 16100 dollars even after that threat. Is up would you use that same strategy in terms of 401 k.s Nana we're talking about long term investment for the vast majority of people watching it day like this it's interesting to see but you really want to just sit tight wait it out if you look at the last Great Recession those who got out of the market in the midst of the Great Recession lost half of their well those who stuck it out had made all of their wealth back and then some within three years. If you're closer to retirement what you want to think about what Siri you wrap for retirement we want to think about is where's your question do you have a little money that set aside that's not in the market that's important you use that when he first. And you waited out as far stocks are concerned. And does seem like you know all the signals we're getting is that our economy is on the rebound and relatively healthy especially compared to what's going on around the world which is what's so interesting a lot of that started in China where there's weakness and of course China is an important place to the world economy now apple Starbucks Wal-Mart they all have business there but we're doing pretty well here. Path aren't Rebecca thanks so much for coming up when she tonight on world news tracked art thanks so much appreciated.
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