Mar­ket swings worry com­muters

Boston Herald - - NEWS - By HER­ALD STAFF

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.





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