A trader on the NYSE floor reacts to the stock tumble. (Getty file photo)
The S&P 500 index dropped 1.3 percent amid weak earnings reports, but that's no reason for investors to lose their cool, Steve Beaman, chairman of the Society to Advance Financial Education, told Newsmax TV. "A first rule of investing is never panic," he told the network's "MidPoint" show. "What you get on market moves like this of 1 or 2 percent up or down is people going, oh my gosh, the sky is falling, or it's always going to be good." But the reality is that markets fluctuate, he said. [Full Story]
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