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LOCAL FOR YOU, TED HART NBC 4,.
DARLENE:
BECAUSE OF THE CORONAVIRUS --
STOCK ARE WAY DOWN ON THIS
MONDAY NIGHT...
FALLING NEARLY 2- THOUSAND
POINTS AT THE CLOSING BELL.
BRAD:
TONIGHT, INVESTORS ARE WEARY AS
U-S STOCKS PLUMMETED EARLIER
TODAY.
DARLENE:
THE S-AND-P 500 TOOK SUCH A HIT,
TRADING WAS TEMPORARILY HALTED.
DAN:
TRADING WAS HALTED WHEN THE S
& P 500
DROPPED 7-PERCENT IN JUST
MINUTES.
EXPERTS TELLING THAT WAS TO
PREVENT FURTHER DAMAGE TO THE
MARKET WHICH
INVESTORS I TALKED TODAY ARE ALL
LOOKING
AT, A LITTLE DIFFERENTLY.
AS THE STOCK MARKET TODAY
PLUMMETED.
INVESTORS HERE IN COLUMBUS TOOK
NOTICE.
SOME VERY NERVOUS...
08:46-48
"I DIDN'T EVEN CHECK IT THIS
MORNING BECAUSE IT'S JUST TOO
DEPRESSING." ...WHILE OTHERS SEE
THIS AS A CHANCE TO BUY.
ERIK VASU-SARVER - GRANDVIEW
HEIGHTS 47:15-19
"I FIND IT TO BE AN OPPORTUNITY
TO TAKE ADVANTAGE OF AS OPPOSED
TO ONE YOU SHOULD BE RUNNING
FROM." THIS DROP IN THE STOCK
MARKET IS ATTRIBUTED
TO GROWING CONCERN OVER THE
CORONAVIRUS AND THE DECREASING
PRICE OF OIL.
BRUCE CAMPBELL IS A FINANCE
PROFESSOR AND
PROGRAM CHAIR AT FRANKLIN
UNIVERSITY.
TO MAKE SENSE OF TODAY HE
TELLS ME HIS MOST
IMPORTANT PIECE OF ADVICE FOR
INVESTORS
IS DO NOT PANIC.
12:42-44
"PANIC IS NEVER A GOOD THING."
CAMPBELL POINTED OUT TO ME
TODAY'S LOSS IS CERTAINLY NOT
THE LARGEST SINGLE DAY DECLINE
AND HISTORICALLY THE
MARKET DOES TEND TO REBOUND,
WITH TIME.
BUT WITH CORONAVIRUS SPREADING
SOME FEAR
A RECESSION IS NEAR.
CAMPBELL TELLING ME THAT COULD
BE AVOIDED
BASED ON HOW THE COUTRY
RESPONDS.
BRUCE CAMPBELL - FRANKLIN
UNIVERSITY 10:45-11:02
" IF PEOPLE CAN WORK FROM HOME
AND EMPLOYERS DON'T OVERREACT BY
LAYING PEOPLE OFF AND REDUCING
THEIR CAPACITY TO SPEND AND
CONSUME AND DRIVE THE ECONOMY,
THEN WE CAN EXPECT A RATIONAL,
TEMPERED SLOW RECOVERY FROM THE
UNCERTAINTY NOW."
IT'S THAT UNCERTAINTY THAT HAS
ABSOLUTELY CAUGHT THE ATTENTION
OF INVESTORS...
10:36-41
"HAVE YOU BEEN IN TOUCH WITH
YOUR FINANCIAL PLANNER IN LIGHT
OF ALL THIS? OH YEAH. WE TALK."
...AS WE ALL WAIT TO SEE HOW THE
MARKETS RESPOND.
08:57-09:04
"ULTIMATELY THE STOCK MARKET IS
A PENDULUM
THAT SWINGS BACK-AND- FORTH AND
THEY'VE BEEN INVESTING FOR A
LONG TIME IT'S GONNA COME
BACK."
DAN:
OF COURSE THIS IS SOMETHING WE
WILL
WATCH WHEN TRADING RESUMES AT
9:30
TOMORROW.
DP.
BRAD: