Dutkowsky speaks to Spectrum News about the stock market drop
March 2, 2020
Spectrum News
Last week, the Dow Jones Industrial Average logged its worst week since early 2008. But Donald Dutkowsky, professor emeritus of economics, says don't think in terms of points but in percentage. "'The Dow's off 1,000 points, oh my goodness, that's horrible.' But the Dow's [near] 30,000 points, so that's a 3% drop," says Dutkowsky, adding that a 3% drop is not good, but not awful. "I would advise investors to take a deep breath. If you're in it for the long-term for like your pension, take a deep breath and stay the course," he says. Dutkowsky was interviewed for the Spectrum News article "Stock Market Professor: "Stay The Course" After 3% Point Decrease." 03/02/20
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