Dow takes a dive scaring investors worldwide

Coronavirus worries are causing major concerns for the economy.

Fears that helped trigger the worst single-day point loss in Dow history Thursday.

ECONOMY.

FEARS THAT HELPEDTRIGGER THE WORST SINGLE-DAYPOINT LOSS IN DOW HISTORY.WITH SO MUCH UNCERTAINTY -MANY OF YOU ARE LOOKING FORANSWERS ON THE FINANCIALIMPACT.

WPTV NEWSCHANNEL 5'STODD WILSON HAS INSIGHT FROMAN ADVISOR - AND THOSEINVESTED IN THE MARKET.

TODD?THE WEALTH MANAGER SAYS,WHAT'S PROBLEMATIC IS THATTHERE'S NO QUICK FIX IN SIGHT.WHILE ONE INVESTOR I SPOKEWITH SAYS THIS ISN'T TIME FORHIM TO WORRY.<< (SOT 21:42:06) 2 SEC IT'SAN OPPORTUNITY TO MAKE SOMEMONEY.

NATS: (VO) CARL SMITH'SPHILOSOPHY IS SIMPLE INDEALING WITH A SLUMPING STOCKMARKET.

(SOT 21:42:12) 10 SECDOLLAR COST AVERAGING, BUYMORE, IT'S DOWN BUY MORE IT'SGOING TO COME BACK IT ALWAYSHAS.

.

.

.IT ALWAYS HAS.

NATS:THIS IS A WEEK INVESTORSHAVEN'T SEEN SINCE THE CRISISOF 20-08.

THE DOW SELLING OFFNEARLY 12-HUNDRED POINTS JUSTTODAY.

(SOT 21:41:25) 8 SEC NOI DIDN'T EXPECT IT TO DROPTHAT FAR.

I'M NOT WORRIEDABOUT IT I THINK IT'LL COMEBACK.

I'M NOT ACTUALLY THATCONCERNED ABOUT CORONAVIRUS.NATS: (VO) ACCORDING TO STEVETREACHTENBERG OF SINGER WEALTHMANAGEMENT IN BOCA RATON SAYS,ON FEBRUARY 20TH THE MARKETWAS UP 5%.

A WEEK LATER THEMARKET WAS DOWN - FALLING INTOCORRECTION TERRITORY - ALLTIED TO FEARS ABOUT GLOBALSPREAD OF THE VIRUS.

(SOT21:35:55) 15 SEC IT COULD HAVEA SIGNIFICANT IMPACT ON THEUNITED STATES.

IF PEOPLE DON'TWANT TO BE AROUND OTHER PEOPLETHAT'S GOING TO AFFECT EVERYSECTOR OF THE MARKET, IT'SGOING TO AFFECT THE ECONOMYAND IT'S GOING TO AFFECT THEEARNINGS OF ALL THESECORPORATIONS.

NATS: (VO) ANDFOR THE AVERAGE INVESTOR WITHA 401K?

(SOT 21:39:09) 6 SECMAYBE THEY NEED TO LOOK ATTHEIR PORTFOLIO AND MAKEPOTENTIAL ADJUSTMENTS TO LOOKAT OTHER ASSET CLASSES THATDON'T HAVE A DIRECTCORRELATION TO THE MARKET.NATS: (VO) SMTH SAYS IN THEEND HISTORY IS ON OUR SIDE.(SOT 21:42:30) 2 SEC WE'LLSURVIVE.