Devoid of context, "turbulence," "volatility," and "chaos" are meaningless terms, particularly when they relate to the stock market. For those few left who could recall the Crash of '29, or even the greater (and aging) number present for Black Monday (Oct. 19, 1987), the recent ups and downs of the market would barely merit a raised eyebrow.
However, a recent survey of 500 financial advisors and 500 adults with at least $10,000 in assets suggests memories are short when money is involved. The survey, which comes to us from Nationwide, reveals an unusually high level of market anxiety as a result of the recent combination of inflation and a market downturn.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
