Investors told not to panic after Lehman bankruptcy

New Jersey investors are reaching out for financial help after Monday's stock market plummet. Ameriprise financial advisor Bill Munn says some of his clients have been unsettled, but advises worried

News 12 Staff

Sep 16, 2008, 11:59 PM

Updated 5,777 days ago

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New Jersey investors are reaching out for financial help after Monday's stock market plummet.
Ameriprise financial advisor Bill Munn says some of his clients have been unsettled, but advises worried investors not to panic.
"My recommendation is to really hold the course," he says. "Don't borrow any money, don't spend more than you make. This is the time to hunker down and try to save money ... because there's tremendous opportunities right now if you can save money and invest it."
Wall Street was able to partially recover Tuesday from the mess attributed to the Lehman Brothers bankruptcy filing. The Dow gained 141 points after plunging more than 504 the day earlier.
The Federal Reserve also decided to leave interest rates untouched in light of Monday's stock market activity.
Stocks plunge on Merrill Lynch, Lehman Brothers news


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