Things turned around before phones started to ring
A thousand point tumble in the stock market happened so quick on Thursday many people didn’t catch it before the recovery happened.
David Zane of RBC Wealth Management in Philadelphia says the thousand point drop was surreal. He almost got whiplash. Zane says clients didn’t appear too worried about the roler coaster day on Wall Street.
“It was basically a feeling of disbelief, somethings wrong and what the heck is going on. We really didn’t get a lot of feedback from clients, it was an odd kind of event I would have expected we would have gotten more calls, but to be quite honest we really didn’t get a lot.”
Zane says the recovery to only a 348 point drop calmed some fears, but experts knew that a stock market correction was necessary, and there could be volatility ahead.