Experts say we're coming off an extraordinary bull market and investors need to moderate their expectations.
dropped 1.4 percent
But for perspective, while the Dow was down 3.6 percent Wednesday, when the market severely contracted on what was called “Black Monday” in October 1987, the Dow fell 22 percent in a single day. And over the course of the dot-com crash that took a couple of years to unwind, the Nasdaq was down 76 percent.
His advice for everyday investors is to “tread carefully and don’t try to use strategies having to do with predicting the bottom or the top of the market because in these periods, it’s just going to be extraordinarily difficult.”and frequent guest on financial networks like CNBC, talked to investors Tuesday in La Jolla about navigating a rocky financial environment.
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