Stock Market Shifts Concern Investors

The S & P lost just over four-percent on Monday.  Financial analyst Fred Dent says even though it’s not a time to panic, but a time for investors to reevaluate the market.  Financial analyst Fred Dent says even though it’s not a time to panic, but a time for investors to reevaluate the market.

“Thank goodness this has come along.  It's shaken us out of our slumber because I think investors were getting complacent and last year we didn't even experience more than a two percent decline the whole year,” Dent said.

Was this drop predicted and is there a way to see into the future if stocks are heading into a bear market?  Andy Anderson says ignore what some television analysts are saying and look at how your portfolio has performed in the past.

“Get way for the from the predicting stuff.  You cannot predict the stock market.  You just cannot predict it.  Look for the trend and get on the trend," Anderson advises.

Anderson says if you find yourself concerned about your portfolio, don’t sell out.  He says it’s a good time to talk with a financial adviser.

“People who are really good at doing this know what to do and you should be talking to your adviser.  Take a lifetime approach to this," said Anderson, adding, "Don't think you're going to get in and get out and get rich quick.”