www.publicopiniononline.com/news/ci_10493828 -
[Cached Version]
Last Visited: 9/18/2008
"There's a tendency for consumers and companies to overreact in these situations," said Leo Plante, assistant professor of business and economics at Wilson College, Chambersburg.
Plante said that as more companies eliminate their regular pension plans and depend on 401(k)s invested in common stock, he expects people will be nervous when they open their next monthly statement.
...
Plante tried to put this week's news from Wall Street into perspective.
"The fallout from the market Monday was rather mild compared to other shocks.It's the biggest since 9-11, but really not that bad compared to 1987, when the market was down 23 percent in one day," Plante said.