Market swings worry commuters
The topsy-turvy stock market had commuters talking 401(k) accounts as they headed home for the weekend at South Station:
“I am concerned about it. I think everyone in my family pretty much is, especially the ones who get it through work,” said Omar Sumadi, 19, of Canton who works in the financial services field.
“I’m lucky. My adviser contacted me, he saw all the signs and the trends. … I just think of it as a domino effect; if one piece falls then everything falls,” said Judi Lesnick, 55, an automotive supplier executive assistant from Hanson.
“Yeah, I sold them all yesterday. There’s going to be a recession because it’s too high, with Trump’s tariffs, China and other countries. … I’d rather have cash to be on the safe side and to be stable,” said Colby Calisi, 25, a talent acquisition specialist from Stoughton.
“If you look at the S&P, the average per year, it’s still 8 percent, so I’m not concerned at this point,” said Joe Doering, 35, an insurance underwriter from South Boston.
“It will even out in the end because there’s always ups and downs in the market,” said Nicole Morris, 26, a human resources professional from South Boston.
“Personally, I have special arrangements … whatever I made in my 401(k) I used when I was laid off … two years ago it would have had an effect,” said David Kerr, 53, of Sharon, who works in information technology.
“No because it will go back up. I have faith in our economy … as fickle as this week was, I don’t know that’s a reasonable indicator of where we’re headed,” said Rufus Titus, 85, a school crossing guard from Marblehead.
“I’m in it for the long haul. … I have a lot of investments in renewable energy and there’s lots of volatility, it’s going up and down. But it’s a lot better than ’87, ’90 and 2008,” said Andy Erengle, 58, a regulator from Ipswich.