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It's Friday and this is a week that investors wish would just end.
It was another roll-a-coaster ride on Wall street... first losing 700
points, then gaining it back, and then falling 500 points to gain some of that back. What does all of that activity in the financial markets mean to you?
JAMES HAYES, CHICKAMAUGA "Ours is in a savings account ..You know, just a regular savings account...so..if the stock market fell, it wouldn't make any difference to us at all."
JOAN ERICKSON, RETIREE "Very concerned, I won't even open my statement from IRA...because I'm afraid to look at it."
Retirees and those who are still working may identify with that feeling. So, When does the good news start?
RICHARD COX, COX WEALTH MANAGEMENT "I feel more comfortable about where we are today..than I did in October of 2007 when they rang the bell as said we have the all-time high..today is a better day."
Financial advisers like Richard Cox say stocks are at record-low levels...in other words a good time to invest instead of selling.
Other market observers agree.
DR. BERTO J. LOBO, UTC FINANCE PROFESSOR "there's a lot of money, if you will, capital as they say taken to the sidelines , that is waiting to be re-deployed...and it's a matter of confidence returning to the market."
RICHARD COX "Our commodity is not oil, our commodity is our financial market ..And the strength we bring to those markets. As we strengthen..the rest of the nations of the globe are going to start looking at us..and that money is going to come to us."
DR. BERTO LOBO "my sense is that confidence will return fairly soon in the market."
Nervous investors and want-to-be retirees got another chance to test their faith in the nation Friday, the stock market closed lower once again.
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