Stress & stocks don't mix for body, mind and markets

The recent economic crisis and unpredictability of the stock market are not only taking a toll on Long Islanders? wallets and bank accounts, they?re having an effect on their stress levels. Friday saw

News 12 Staff

Oct 10, 2008, 11:35 PM

Updated 5,759 days ago

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The recent economic crisis and unpredictability of the stock market are not only taking a toll on Long Islanders? wallets and bank accounts, they?re having an effect on their stress levels.
Friday saw stocks take another wild ride, sinking as much as 700 points in the morning, but ultimately rebounding to close 128 points below its opening value. Many investors say they?re scared about their financial future or panicking about the roller coaster-like Dow.
Mike Panagatos, owner of the Empress Diner in East Meadow, says when his customers come in for a bite to eat, they all want the television tuned to financial news to see what?s happening to their stocks or 401(k).
"It?s scary,? Ozzie Solis, of Levittown, says. ?No one wants to invest. That's the bottom line."
Mental health and stress experts are urging taxpayers to relax, continue with their daily routines and stay busy. They recommend activities like exercising and reading to release stress. Massages are also a good option.
Panic and stress are not good for the markets either. Financial experts strongly advise investors to stay calm. "When you make a decision using panic as the criteria, you're usually making a bad decision," says financial consultant Dominick Tavella.
Tavella says investors in it for the long run should stick it out, but those who need the money they?ve already invested should take it out.
Click for more on how to reduce economically induced stress


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