The DOW Drops 1,000 Points... Should I Worry?
February 6th, 2018
By Scott Sarber, President | Sr. Wealth Advisor
Well…that’s a first! I have been in the financial industry since 1993, and I’ve never seen the DOW Jones Industrial Average (DJII) drop over 1,000 points before. Yesterday, it dropped over 1,175 points or about 4.6%. Although it was the largest point drop ever, it was certainly not the largest percentage decline.
It was nothing compared to Monday, October 19th, 1987!
Past performance does not indicate future results.
Investors accept risk for the expectation of higher returns. Although we do not see swings as wide as this very often, you can see that daily swings over 3% have happened 20 times since 1987 – almost every six months. It is important not to get caught up in the emotions of daily events, and to retain long term strategies that have been well thought out. Please contact our professional team of advisors if you have any questions.
- Petersen Hastings, Scott Sarber, CFP®