While President Bush continues to tell the nation to have confidence in the market, many local investors are left wondering how long it could be until the measures taken by the federal reserve and treasury will breathe life into the battered market.
Lincoln Financial Advisor Bob Bennie says the worst thing investors can do is panic. Bennie warns that any investment made based on fear, is bound to lose.
"Obviously some people are panicking because the market has gone down so much. But in a market where the value of something has gone down unless you sell it -- you haven't lost any money. So we're recommending to our clients to hold on, not panic, and not sell, and just wait for the market to recover," said Bennie.
Bennie keeps his investors from making bad decisions by taking a proactive stance.
Since the financial meltdown he has sent letters and made phone calls to his clients, reassuring them that the market will eventually bounce back.