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Scared and human nature to worry, but again, if you have an investment process that you have used stick with it. Reporter this means dont go selling everything off or making rash emotional decisions. The two biggest enemies of investing are fear and greed. Either can get you in trouble. That being said, we folks who regularly put our paycheck into our retirement, this socalled black monday is a little like black friday. Our contribution buys more shares right now. I asked a Wilmington University professor to explain it in terms we joe sixpacks can understand. If joe sixpack is an eagles fan like i am and used to buying your tickets for 105 and now they are 50 i would buy twice the number of tickets. All we have now is the opportunity to buy things on sale. Reporter a lot of companies in wilmington and around the world taking a hit in the last couple days. What if you are close to retirement . Thats trickier. Experts say ret ....
House. Nightly news begins right now. Announcer from nbc news World Headquarters in new york, this is nbc nightly news with lester holt. Good evening. A lot of investment portfolios including retirement nest eggs shrank today when stocks took another stunning fall. Experts warn we may need a strong stomach because this up and down ride is likely not over. The trading day started with a dramatic freefall. The dow dropping over 1,000 points. And after some halfhearted rallies ended down more than 3 1 2 off 588 points, the nasdaq and s p, down almost 4 . Lets drill down on why this is happening and what it means to you. Well bring in jim cramer to talk about it in a moment but first cnbcs carl quintanilla. It was a stunning drop for a stock market that really hasnt had one in years. But this wasnt about the u. S. Economy faltering. Its about the Global Economy losing steam. ....
Multivehicle accident scene here on 95. Right around ridley park. So you can actually see on the northbound side right here road flares actually blocking off all the lefthand lanes and shoulders. Only that arent shoulder is getting by on the northbound side. You can see we have a fire engine on scene. Police activity and several vehicles involved up in front of that road blockage right there. The southbound lanes are doing just feign. If youre headed to the Philadelphia International airport, give yourself extra time. As rush hour begins and its in the next 20 to 25 minutes where we start to see the volume increase. Thats where youll start to see the delay. The schuylkill expressway right through the conshohocken curve, that moved along nicely. The average speed still 60 Miles Per Hour. We still have a 1 minute drive time. Things are moving. Out in kensington, wat ....
Giving them a heart tha stts what it may some. By the way, lester, ird consecutive drop of 300 or more points. The number of times its done that in history, zero. Lester . Carl quintanilla, lets bring in your colleague jim cramer, the host of cnbcs mad money. At this through our own set of lenses, through our stage in life, how close we are to retirement. What should we do before we start moving decisions . Well, first, if youre 100 invested, mistake here. I do believe theres more down side. If you are borrowing money to own stocks i think youre really on the wrong path and youve got to sell tomorrow no matter what. But otherwise, lester, if youve got cash on the sidelines, depending upon your age, youve got some options. We should go over them. I think there are some great opportunities here. Youre suggesting theres more down side, though, in the near future. Play this out. Just play the week out for me. What do you expect . I think this is a contagion, in other words, were importing ....