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Im a nervous type all the time. I have my own business so im always nervous. Reporter enough to frighten investors and vanguards chief economist, joe davis. If im nervous. Unnerving for me. Reporter but not unusual who says davis who offers this advice for investors taking their money off the table. Key is to not panic. That is hardest thing to do but perhaps most prudent and long term investing success is to do nothing. Reporter but do nothing prescription is hard to swallow here three rules from experts to help you get through it. Market swings are normal, avoid a knee jerk reaction, market changes and if you invest through a payroll deductions, keep doing so, this is an opportunity to buy low. I am nervous, not undually so because the marketings up and the marketings down and right now, it is down. Reporter so what should you do . Perhaps, nothing. Were seeing ugly side of the past few days but we have seen the Positive Side of ....
Telling us theres no need to panic. I dont think its cataclysmic. I dont think its a rerun of 2008. I do think that risk assets have been trading like they werent risky for a long time, and i think thats over and i think that the us market has gone up for few months when it probably should have gone down only because money ran here and so we have sorting out process to do here. Things will be a little less euphoric and bubbly but i dont think disaster is in the makin. Thats good to here. International Monetary Fund expects chinas economy to grow only sixpoint 8 and that would be its weakest in 25 years. Lucy, hold on to your seat. Indeed, joyce. Coming up on fox 29 news at 5 00, what all of that action on the street that joyce just told you about means to you. When you were start worrying and what you should be worried abo about. Our financial expert dan ricotta has all of those answers. Now to breaking news in new york city. Emerg ....
Female announcer cash4life from the pennsylvania lottery. Play for fun. Cash for life. Fox 29 news in hd brought to you by xfinity the future of awesome. Right now breaking news. A massive sink hole opens up on a philadelphia street. Skyfox is live over the intersection of tulip and huntington in kensington. You can see the crater in the street after a water main broke. Good evening, im iain page. Im lucy noland. Fox 29s Shawnette Wilson live at the scene. Shawnette, what are you seeing . Reporter well, crews at this hour are still working to make repairs to this water main. Take a look behind me. You can see massive sink hole that we just described takes up most of the intersection. This is here at tulip and huntington streets. Well give you a live view right now from skyfox. It shows you how huge this sink hole is. Philadelphia Water Department says a 12inch leak on a w ....
This is here at tulip and huntington streets. Well give you a live view right now from skyfox. It shows you how huge this sink hole is. Philadelphia Water Department says a 12inch leak on a water main caused this road to open and cave in. They arrived on scene and were able to shut down the road before anyone was hurt driving in the area. So that is the good news here. But, again, as you can see they are still working on repairs. Neighbors and Business Owners right at this intersection tell me they saw it all happen. I was looking over and the water was just gushing up, and another guy was with me. He called it in. There was a lot of confusion. We cant go by. Everything was closed. Youre happy to hear no one was hurt . Yeah, thats it. Theres nothing you can do. Reporter back here live that was the own are in of francos pizza locate the right here at the intersection descri ....