‘Do not panic:’ Local expert gives advice after stock market drop
Published: August 26, 2015 / Author: Zach Crenshaw
It was a roller coaster on Wall Street Monday. In just minutes of the opening bell the Dow plummeted more than 1,000 points.
In the end, the Dow closed down 588 points at 15,871 and shortly after the market opened, the panic began.
“It’s very scary,” said Pam Newman, who lives in South Bend.
“This is never good news if you own stocks,” Margaret Forster, a Finance Professor at Notre Dame’s Mendoza College of Business.
Forster says while the numbers are bad, it’s not a sign of another recession.
“This is not 2008. This is not a crisis that was made in the U.S., this crisis is made in China, made in the emerging markets,” Forster said.
Related Stories

Faculty in the Media
Postmaster DeJoy wanted to make a government service profitable. It’s not happening.

Faculty in the Media
Chevron takeover of Hess resurrects multi-billion dollar tax shield

Faculty in the Media
Finance expert reveals how viral cash stuffing trend can help you stick to a budget