Local Advisors Say Market Pullback No Cause For Alarm

February 4, 2014 11:00 PM
Local Advisors Say Market Pullback No Cause For Alarm
" BOSTON (CBS) — The stock markets were doing well until about the middle of January. That is when the Dow Jones and all major stock exchanges began to tumble. So should you be taking a fresh look at where your money is invested?

There were green arrows on Wall Street, a rare sight over the past couple of weeks where stocks are off more than 5-percent to start the year.

Financial Advisor David Caruso of the Coastal Capital Group in Danvers says everyone with a 401k  who is not retiring next year, should calm down.

“It is natural. We had a market last year that was up 32-percent with very little change,” Caruso said.

Caruso says everyone should get professional advice and know their time frame "

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