How does recent stock market activity affect the economy and your retirement portfolio?
Last week, U.S. stocks had their worst one-day drop since February as traders worried about weak corporate earnings and the looming end of economic stimulus from the Federal Reserve. In mid-July, the Dow Jones was over 17,000; by last Friday it had dropped to just under 16,500. We look at the recent volatility in the stock markets, how it affects the average investor, and what those who see their retirement accounts losing value should do. Joining us from the investment firm Osborn, Rohs, Williams, and Donohoe are Portfolio Managers Russell Sims, CFA, and Peter Osborn.