Why Stocks Keep Plunging and What to Do Now

The news is glum on several fronts, but the prospects for a recession remain slim. It’s important to stick with your plan.

(Image credit: Getty Images/iStockphoto)

Take a deep breath and repeat after me: “It’s not 2008. It’s not 2008. It’s not 2008.”

Yes, volatility, especially volatility to the down side, can be frightening. Losses, occasionally big losses, come with the turf when you invest in stocks. But there’s no reason to think that the current pullback will be anything like 2008, when the stock marketed plummeted 37%. So this is not the time to panic and make drastic changes to your portfolio.

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Manuel Schiffres
Executive Editor, Kiplinger's Personal Finance