The stock market is doing its volatile best to scare buy-and-hold investors and retirement savers. The Dow Jones Industrial Average ( DJIA10,068, -376.36, -3.60%) lost 376 points Thursday, losing 3.6%, and the S&P 500 Index (SPX 1,072, -43.46, -3.90%) dropped about 43 points, also closing down almost 4%. With both indexes falling 10% or more from their closing highs in April, this marks the first official correction of the bull market that started on March 9, 2009.
What's a long-term investor to do? That'll depend a lot on who you are. You could note that stocks are a lot cheaper today than they were yesterday -- good news if you're dollar-cost-averaging into the market. On the other hand, if this volatility is setting your teeth on edge, it might be time to reconsider your investment choices.
Not that there are lots of good options out there right now. Read Robert Powell's Your Portfolio column for a look at where some investment experts are stashing their cash these days. (Hint: For some of them, it's not bonds.)
-- Andrea Coombes, Personal Finance editor
| DOW JONES INDUS. AVG | 10,068.01 | -376.36 | -3.60% | 16:30 |
| S&P 500 INDEX | 1,071.59 | -43.46 | -3.90% | 05/20 |
| NASDAQ COMPOSITE INDEX | 2,204.01 | -94.36 | -4.11% | 05/20 |
| S&P/TSX COMPOSITE INDEX | 11,405.95 | -259.82 | -2.23% | 05/20 |
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