The financial turmoil on Wall Street has the average investor worried. Hugh Johnson of the money management firm Johnson Illington says he's been getting a high volume of emotional calls lately. Everyone wants to know what's going on with the market, and should they rebalance their portfolios.
Johnson tells Renee Montagne that he tries to soothe investors' nerves. He cautions them that while this is a severe financial crisis his advice is to hold tight. Like any downturn in stock prices, or bear market that's accompanied by a recession, Johnson says it will eventually be followed by a bull market and a recovery in stock prices.